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The latest announcement is out from Vivenda Group S.p.A. ( (IT:VVG) ).
Vivenda Group S.p.A. held its Ordinary Shareholders’ Meeting, approving the financial statements for the year ending December 31, 2024. The company reported a decline in sales revenue and EBITDA compared to the previous year, reflecting challenges in the advertising sector. Despite these challenges, Vivenda increased its shareholders’ equity and continued its international expansion, indicating a strategic focus on growth and sustainability. The allocation of the operating result was approved, with a portion directed to the legal reserve and the remainder to retained earnings, highlighting the company’s prudent financial management.
More about Vivenda Group S.p.A.
Vivenda Group S.p.A., founded in Rome in 2006, is a prominent player in the Out Of Home (OOH) and Digital Out of Home (DOOH) advertising sectors. The company specializes in large-scale advertising installations in highly visible public locations and operates through four main service lines: OOH Advertising, Architecture, Legal & Financial Advertising, and Real Estate. Vivenda’s core business model revolves around zero-cost sponsored restorations, financing restoration projects through advertising revenues. The company has expanded internationally with operations in Dubai and Barcelona.
YTD Price Performance: -45.83%
Average Trading Volume: 7,239
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