Pasquarelli Auto SpA ( (IT:PSQ) ) has shared an announcement.
Pasquarelli Auto S.p.A. reported a significant increase in production value for 2024, reaching €361.4 million, a 45.7% rise from the previous year. The company sold 7,751 new cars and 4,844 used cars, marking increases of 23% and 93%, respectively. Despite a slight decrease in EBITDA to €9.4 million, the company continues to strengthen its market position through strategic acquisitions and partnerships, including an agreement with BYD to expand its premium product portfolio. The company’s net financial debt increased to €45.9 million due to investments in new business branches and brands, aimed at supporting further growth.
More about Pasquarelli Auto SpA
Pasquarelli Auto S.p.A. is a mobility provider involved in the trade of new and used cars and commercial vehicles, operating through its brand SecondLife. The company is also engaged in short, medium, and long-term rentals, as well as the sale of spare parts and vehicle assistance. It is listed on the Euronext Growth Milan market.
YTD Price Performance: -13.51%
Average Trading Volume: 11,655
Technical Sentiment Signal: Buy
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