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La Sia S.P.A. Reports Stable Fourth Quarter 2024 with Strategic Business Diversification

Story Highlights
  • La Sia S.P.A. reported stable financials with a production value of €15.6M.
  • The company diversified its business, reducing Telco reliance, boosting Civil and Utilities sectors.
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La Sia S.P.A. Reports Stable Fourth Quarter 2024 with Strategic Business Diversification

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The latest announcement is out from La Sia S.P.A. ( (IT:LASIA) ).

La Sia S.P.A.’s fourth quarter of 2024 shows stable economic indicators with a production value of approximately €15.6 million and a net cash position of €4 million. The company has strategically shifted its focus from the Telco business line to strengthen its Civil and Utilities & Infrastructures sectors, leading to a diversified and balanced revenue stream. This strategy has resulted in a more consistent backlog, now at €34.4 million, and reduced client concentration risks. The Board of Directors also announced a modification to the 2025 corporate events calendar to better communicate the company’s financial guidance.

More about La Sia S.P.A.

La Sia S.P.A. is active in the engineering and design sector, with its shares traded on Euronext Growth Milan. The company focuses on business diversification, expanding into new sectors, and reducing dependency on single clients. It operates across various business lines including Civil, Utilities & Infrastructures, and Telco.

YTD Price Performance: 12.40%

Average Trading Volume: 11,627

Technical Sentiment Consensus Rating: Hold

Current Market Cap: €16.43M

See more insights into LASIA stock on TipRanks’ Stock Analysis page.

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