Masi Agricola SpA (IT:MASI) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Masi Agricola reported a 3.7% decline in revenue for the first nine months of 2024, totaling 45.9 million euros, attributed to reduced wine consumption amid inflation-driven spending constraints. Despite a positive third quarter with an 8% improvement, the company’s EBITDA adjusted decreased due to lower volumes and reduced finished product stocks. Net financial debt rose significantly, primarily due to investments and procurement of Amarone.
For further insights into IT:MASI stock, check out TipRanks’ Stock Analysis page.