Clabo S.p.A. (IT:CLABO) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Clabo S.p.A. reported a rise in profitability for the first nine months of 2024 despite a drop in net sales, driven by improved industrial margins and efficiency gains. The company’s EBITDA increased to €7.2 million, with a margin of 16.0%, although net sales fell to €42.0 million due to a slowdown in the North American market. However, the company noted significant sales growth in Europe and Asia, maintaining a positive outlook for the year-end.
For further insights into IT:CLABO stock, check out TipRanks’ Stock Analysis page.