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Elica S.p.A. ( (IT:ELC) ) just unveiled an update.
Elica S.p.A. reported a revenue of 452.1 million euros for 2024, marking a 4.1% decline compared to the previous year, amidst a challenging demand environment. Despite this, the company’s motors division outperformed the market, and strong investments in brand transformation and product expansion in North America contributed to a stable financial position and a net result of 7.9 million euros attributable to the group.
More about Elica S.p.A.
Elica S.p.A. operates in the home appliances industry, specializing in the production of kitchen appliances with a focus on cooking solutions. The company is expanding its market presence in North America through a direct distribution strategy and product range expansion.
YTD Price Performance: -0.28%
Technical Sentiment Signal: Buy
Current Market Cap: €87.39M
For an in-depth examination of ELC stock, go to TipRanks’ Stock Analysis page.
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