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Portobello SpA ( (IT:POR) ) just unveiled an update.
Portobello S.p.A. held its ordinary Shareholders’ Meeting, where it approved the financial statements for the year ending December 31, 2024. The company reported a significant decline in its financial performance, with a production value of 69.9 million Euros and a net loss of 128.8 million Euros. Despite the negative results, the company continues operations under the Business Crisis and Insolvency Code, allowing management continuity. The meeting also reviewed the consolidated financial statements, showing adjusted figures with a slight positive EBITDA and a negative net result. The expiration of protective measures for the company’s assets was also noted.
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., founded in Rome in 2016 and listed on the Euronext Growth Milan market, operates in the Media & Advertising, Retail, and B2B sectors. The company engages in the resale of advertising spaces, either for monetary consideration or through a barter system, and manages a retail chain and co-owns the e-commerce portal ePRICE.
Average Trading Volume: 29,329
Technical Sentiment Signal: Strong Sell
Current Market Cap: €6.49M
See more insights into POR stock on TipRanks’ Stock Analysis page.