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Eligo S.P.A. ( (IT:ELG) ) has shared an announcement.
Eligo S.p.A. reported a significant decline in sales revenue and production value for the first half of 2024 compared to the previous year, alongside a reduction in net losses and an increase in net financial debt. The company is undergoing a restructuring phase, including the sale of non-strategic subsidiaries and changes in governance, to address financial challenges and improve its market position.
More about Eligo S.P.A.
Eligo S.p.A. is a Fashion Tech Company and Innovative SME listed on the Euronext Growth Milan market, organized and managed by Borsa Italiana S.p.A.
Technical Sentiment Signal: Buy
Current Market Cap: €11.34M
Learn more about ELG stock on TipRanks’ Stock Analysis page.