Pininfarina SPA (IT:PINF) has released an update.
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Pininfarina S.p.A. reported a strong financial upturn for the first nine months of 2024, with revenues rising by 19.8% to 69.7 million euros and a substantial improvement in its gross operating margin. Despite some non-monetary provisions affecting the bottom line, the company showed notable progress across its divisions, notably in Shanghai with a 104% revenue increase, highlighting the success of its turnaround strategies. The company maintains a stable financial position, adhering to existing debt agreements, while being supported by the Mahindra group.
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