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Matica Fintec SpA ( (IT:MFT) ) just unveiled an update.
Matica Fintec reported a slight decline in revenue for 2024, totaling €21.3 million, amid challenging global conditions, but saw improvements in profitability with a 3% rise in EBITDA to €4.6 million and a 14.2% increase in net profit to €2.5 million. Despite a shift to a net financial debt of €2.2 million, the company remains optimistic, highlighting the effectiveness of its strategies and commitment to innovation, positioning itself strongly for future opportunities.
More about Matica Fintec SpA
Matica Fintec S.p.A. is an innovative SME based in Italy, specializing in the design, production, and marketing of high-tech systems for issuing digital cards for financial and governmental institutions. The company is recognized for its commitment to security and innovation, with significant investments in R&D leading to the certification of nine patents.
YTD Price Performance: 4.11%
Average Trading Volume: 9,750
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €18.03M
Find detailed analytics on MFT stock on TipRanks’ Stock Analysis page.