ALUMEXX N.V. (DE:NE8F) has released an update.
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Alumexx N.V. has reported a 38% revenue increase in the first half of 2024, amounting to EUR 21.1 million, with a notable rise in gross margin from 45% to 51%, attributed to recent acquisitions and enhanced efficiency from collaborating with European suppliers. Despite challenging market conditions, including a dip in construction activities, Alumexx remains optimistic about future improvements in results, backed by an expanding product range and positive construction industry forecasts for the latter half of the year and 2025. The company also announced the expansion of its board and the implementation of a stock option plan aimed at attracting and retaining employees.
For further insights into DE:NE8F stock, check out TipRanks’ Stock Analysis page.
