ALTHEORA Reports 10.5% Revenue Decline in 2024 Amidst Global Economic Challenges

Altheora SA ( (FR:ALORA) ) has issued an announcement.

ALTHEORA reported a 2024 revenue of €37.0 million, a 10.5% decrease from the previous year, due to a challenging global economic situation impacting demand in key market segments. Despite the decline, the company maintained its market position through innovation and portfolio diversification, particularly in sustainable materials. Looking forward, ALTHEORA aims to regain growth by focusing on renewable energies, green mobility, and process optimization, as part of its strategic plan, CONFLUENCE 2030.

More about Altheora SA

ALTHEORA SA is a European leader in the transformation of composite and polymer materials, known for its expertise since 1934 in developing specific tools for sectors like construction, rail, aerospace, automotive, and more. The company offers integrated solutions from R&D to production and supports over 500 international clients. ALTHEORA is recognized for innovation, having received a JEC Innovation Award in 2020.

YTD Price Performance: -9.46%

Average Trading Volume: 6,010

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €4.52M

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