tiprankstipranks
Trending News
More News >

Portobello S.p.A. Reports 2024 Financial Results Amidst Restructuring Efforts

Story Highlights
Portobello S.p.A. Reports 2024 Financial Results Amidst Restructuring Efforts

Confident Investing Starts Here:

An announcement from Portobello SpA ( (IT:POR) ) is now available.

Portobello S.p.A. announced its consolidated financial results for 2024, highlighting a challenging year marked by insolvency procedures and financial difficulties. Despite these challenges, the company maintained operational resilience and is focused on restructuring to restore growth. The adjusted production value was approximately 92.6 million Euros, with a marginally positive adjusted EBITDA of 86 thousand Euros, but a negative adjusted net result of 9.1 million Euros. The company aims to overcome current challenges and return to value creation for stakeholders.

The most recent analyst rating on (IT:POR) stock is a Buy with a EUR13.00 price target. To see the full list of analyst forecasts on Portobello SpA stock, see the IT:POR Stock Forecast page.

More about Portobello SpA

Portobello S.p.A. is a company listed on the Euronext Growth Milan market, operating in the publishing and advertising sector through barter activities. It owns a retail chain and co-owns the ePRICE portal.

Average Trading Volume: 23,614

Technical Sentiment Signal: Sell

Current Market Cap: €8.56M

Learn more about POR stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1