Masi Agricola SpA (IT:MASI) has released an update.
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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.
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