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Longino & Cardenal SpA ( (IT:LON) ) has issued an announcement.
Longino & Cardenal’s Board of Directors approved the consolidated financial report for the first half of 2025, highlighting strategic decisions such as the closure of the New York branch to strengthen financial stability and focus on areas with greater potential. Despite a slight drop in sales revenue to €16.8 million and a net loss of €1.3 million due to closure costs, the company reported growth in EBITDA and maintained stable financial debt. The Hong Kong subsidiary showed significant revenue growth, and the company continues to invest in digital and strategic areas, positioning itself for sustainable growth in the latter half of the year.
The most recent analyst rating on (IT:LON) stock is a Buy with a EUR2.50 price target. To see the full list of analyst forecasts on Longino & Cardenal SpA stock, see the IT:LON Stock Forecast page.
More about Longino & Cardenal SpA
Longino & Cardenal S.p.A. operates in the high-end dining sector, focusing on the research, selection, and distribution of rare and precious foods. The company serves as a key player in both national and international markets, particularly in the luxury food segment.
Average Trading Volume: 3,013
Technical Sentiment Signal: Sell
Current Market Cap: €6.56M
Learn more about LON stock on TipRanks’ Stock Analysis page.