Gevelot SA (FR:ALGEV) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Gevelot SA reported a nearly 9% drop in revenue for the first half of 2024 compared to 2023, primarily due to decreased sales in the Oil & Gas sector and an expired licensing contract. Despite this downturn, the company remains optimistic about future performance, anticipating improved billing from renewed contracts and favorable returns on its investments.
For further insights into FR:ALGEV stock, check out TipRanks’ Stock Analysis page.