Mare Group Half-Year Report: Results Exceed Expectations, Positive Outlook for H2

The Mare Group Board of Directors has approved the 2024 half-year report, which exceeds expectations.

Here are the increases compared to H1 2023:

+7% in production value
+44% reported EBITDA
+99% EBIT
+472% net profit

These results confirm the effectiveness of the strategy undertaken and, supported by operating cash flow exceeding €5.2 million, indicate a positive outlook for 2024.

Antonio Maria Zinno stated: “We are extremely pleased with the results of the first half of 2024, which exceeded our expectations. H1 closed with growth across all economic and financial indicators, driven by intense development activities made possible by the commitment of all organizational levels. We successfully completed the listing process on the EGM market and solidified the robust and consistent strategy defined in 2023. This included completing the organizational integration initiated after the acquisitions, with the aim of capitalizing on synergies, standardizing operations, eliminating redundancies, and fostering a shared culture across all internal resources. Consistent with Mare Group’s business model, characterized by a historically back-loaded billing and order completion cycle, we are confident of achieving robust growth in 2024 compared to 2023.”

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