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Eurotech S.p.A. ( (IT:ETH) ) has issued an announcement.
Eurotech S.p.A. reported a significant decline in revenues for 2024, primarily due to the exit of a major customer in the U.S. and economic challenges in Germany. Despite a 36.9% drop in consolidated revenues, the company improved its first margin by 330 basis points and reduced operating costs by €5.1 million. The financial results were impacted by goodwill impairment related to the U.S. subsidiary, leading to a negative EBITDA and a substantial net loss. The company’s strategic management of working capital helped maintain a stable net financial position.
More about Eurotech S.p.A.
Eurotech S.p.A. operates in the technology industry, focusing on embedded computing and Edge AIoT solutions. The company serves various markets, including the Industrial sector, with a significant presence in the United States, Japan, and Europe.
YTD Price Performance: 4.39%
Average Trading Volume: 15
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €26.57M
For a thorough assessment of ETH stock, go to TipRanks’ Stock Analysis page.