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Fae Technology S.P.A ( (IT:FAE) ) has provided an announcement.
FAE Technology S.P.A reported significant growth in its 2024 preliminary financial results, with a production value increase of 18.2% to 75.5 million euros and a rise in EBITDA margin to 10.8%. The company’s net financial debt was notably reduced by 47.6% to 3.7 million euros, reflecting improved cost structure and internal efficiency. The acquisition of Elettronica GF contributed 12.7 million euros to the production value, highlighting the company’s strategy of growth through external lines. Despite a general market slowdown, FAE Technology aims to continue its growth trajectory by leveraging its enhanced vertical know-how and exploring new commercial development opportunities.
More about Fae Technology S.P.A
FAE Technology S.P.A is an Italian industrial group listed on the Euronext Growth Milan market of Borsa Italiana, operating in the electronics sector. The company focuses on enhancing its engineering team’s skills and expanding its corporate perimeter through strategic acquisitions, such as Elettronica GF and IpTronix, to improve its market competitiveness and profitability.
YTD Price Performance: -15.41%
Average Trading Volume: 26,884
Technical Sentiment Signal: Buy
Current Market Cap: €49.46M
See more data about FAE stock on TipRanks’ Stock Analysis page.