Masi Agricola SpA (IT:MASI) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.