Robertet (FR:RBT) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Robertet has reported a robust first half of 2024, with a significant 10.1% increase in sales revenue to 414.6 million euros and a strong organic growth of 9.6%. The company’s current EBITDA margin has improved impressively to 21.4%, supported by the successful integration of the Indian company Sonarome and growth across all regions. Despite the positive performance, Robertet anticipates a normalization of restocking and less sustained demand in the second half of the year, along with a potential decrease in EBITDA margin due to rising raw material costs.
For further insights into FR:RBT stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money