Newlat Food S.p.A. (IT:NWL) 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
Newlat Food S.p.A. has achieved a milestone with its revenue reaching 2.03 billion Euros and a significant net profit increase to 170.8 million Euros, driven by strong organic growth and the integration of Princes Group. The company’s financial performance in Q3 2024 shows a robust recovery, with expectations to continue this trend, aiming for an EBITDA between 210 and 220 million Euros in 2025. This growth is complemented by strategic operational changes under Angelo Mastrolia’s leadership.
For further insights into IT:NWL stock, check out TipRanks’ Stock Analysis page.