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Compagnia dei Caraibi S.p.A. ( (IT:TIME) ) has provided an update.
Compagnia dei Caraibi S.p.A. reported a production value increase to 59.5 million euros in 2024, driven by strong B2B sales in Italy, Spain, and the US, despite a decline in the German market. The company reduced its net loss significantly from 14.9 million euros in 2023 to 2.1 million euros in 2024, reflecting strategic reorganization efforts including the sale of non-strategic holdings and workforce rationalization to focus on core activities and international development.
More about Compagnia dei Caraibi S.p.A.
Compagnia dei Caraibi S.p.A. is a leading company in the importation, development, brand building, and distribution of premium and over-premium spirits, wines, and soft drinks from around the world, as well as Italian craft beers.
Average Trading Volume: 34,047
Technical Sentiment Signal: Sell
Current Market Cap: €4.98M
Learn more about TIME stock on TipRanks’ Stock Analysis page.