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Olidata S.p.A. Reports 2024 Financial Results Amid Revenue Decline

Story Highlights
  • Olidata S.p.A. is a leading System Integrator in Italy’s IT sector.
  • Olidata’s 2024 financial results show decreased revenues and EBITDA, with plans to carry forward the year’s loss.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Olidata S.p.A. Reports 2024 Financial Results Amid Revenue Decline

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Olidata S.p.A. ( (IT:OLI) ) just unveiled an update.

Olidata S.p.A. reported its financial results for 2024, showing a decrease in consolidated operating revenues to €96 million, down 6.9% from the previous year. The company’s adjusted EBITDA also fell by 16% to €5.9 million. Despite these declines, Olidata’s net equity remains positive, and the company plans to carry forward the year’s loss of €569,269. The incorporation of its former subsidiary Sferanet in August 2024 affected the comparability of results with the previous year.

More about Olidata S.p.A.

Olidata S.p.A. is a prominent System Integrator in Italy, operating in the IT sector and listed on the Euronext Milan market. The company focuses on providing integrated IT solutions and services.

YTD Price Performance: -23.55%

Average Trading Volume: 116,041

Technical Sentiment Signal: Buy

Current Market Cap: €47.34M

For a thorough assessment of OLI stock, go to TipRanks’ Stock Analysis page.

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