MILAN (AIMnews.it) - Energy Lab closed 2017 with an increase in turnover (from 2.9 to 4.3 million euros) and an improvement in ebitda (from -1.5 to +0.1 mln) , but a net loss from 2.2 million in 2016 to 9.7 last year which, explains the company, "is justified by the significant adjustments made to assets and liabilities as a result of the application of the evaluation criteria necessary because of the current status of the company". Net financial debt remained broadly stable at 11.5 million (11.1 million at the end of 2016), but shareholders' equity is now negative at 3.57 million. The company has submitted an application for credit on February 15, but the Court of Udine has granted time pending the 2017 draft budget. "The plan that will be plausibly adopted will have a mixed nature with a forecast of business continuity for service activities and procurement contracts, with particular focus on the recoverability of some investments, with a view to accelerating the sales phase of the assets that have always been destined for this activity" concludes the renewable energy company.