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Hitechpros Reports 11% Revenue Decline Amid Economic Challenges

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Hitechpros Reports 11% Revenue Decline Amid Economic Challenges

HiTechPros SA ( (FR:ALHIT) ) has provided an update.

Hitechpros reported an 11% decline in revenue for the fiscal year 2024, dropping to 27.5 million euros from 30.9 million euros in 2023. This decrease is attributed to a cautious market environment, increased business failures, and an uncertain geopolitical context. The company has returned to its 2022 revenue levels and has not set objectives for 2025, but aims to regain growth.

More about HiTechPros SA

Hitechpros operates in the IT services industry, providing a platform that facilitates business interactions among IT service companies, freelancers, IT training centers, and software publishers. The company is known for its unique business model, which organizes its activities into two main divisions: subscription sales and intermediation in technical assistance services. Hitechpros is listed on the Euronext Growth market.

YTD Price Performance: -1.29%

Average Trading Volume: 260

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €25.15M

See more data about ALHIT stock on TipRanks’ Stock Analysis page.

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