Eurotech S.p.A. (IT:ETH) has released an update.
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Eurotech S.p.A. faced a challenging first nine months of 2024 with revenues declining by 37.2% due to market conditions, yet their focus on higher-margin products and cost rationalization helped improve their first margin to 51.8%. The company saw resilience in its Edge AIoT business, which accounted for nearly 60% of total revenues, as they navigated the impacts of industry slowdowns and strategic shifts. Despite the setbacks, Eurotech’s efforts in procurement and operational restructuring show promise for future financial stability.
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