Pininfarina, quarter in the red, but revenues up slightly

In the first quarter of 2023, the Pininfarina group achieved revenues of 17.4 million euros, up 0.8%% on the same period of 2022 and with a loss of 2.4 million against a loss of 1 million .

The increase in revenues regards the styling sector by approximately 7.1%, while the engineering sector decreased by approximately 2.3%.

Ebitda is negative by 900,000 euros against the positive figure of 500,000 euros the year before, while the operating loss has increased from 600,000 euros to 1.9 million.

The net financial position is negative by 3.7 million, while it was positive by 1.7 million as at 31 March 2022 and 1.3 million at the end of last year.

Forecasts for 2023 indicate “an increase in total revenues compared to 2022”.

Source: Ansa

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