SBE-Varvit Approves 2024 Financials and Dividend Distribution

SBE-Varvit S.p.A. Class A ( (IT:VARV) ) has issued an announcement.

SBE-Varvit S.p.A. held its ordinary shareholders’ meeting, approving the financial statements for 2024 with a net profit of €24,642,358 and resolving to distribute a dividend of €0.206 per share. The company also confirmed KPMG S.p.A. as the statutory auditor for 2025-2027 with an annual fee of €120,000 plus VAT. These decisions reflect SBE-Varvit’s solid financial performance and commitment to transparency, potentially strengthening its market position and investor confidence.

More about SBE-Varvit S.p.A. Class A

SBE-Varvit S.p.A. specializes in the production, distribution, and marketing of fastening components such as screws, bolts, nuts, and high-engineering mechanical components. The company focuses on minimizing distributor intervention by disintermediating the production and distribution process, serving over 5,000 customers across industries like agricultural machinery, industrial machinery, and infrastructure. It operates through multiple production units in Italy and Serbia and automated warehouses in Italy, Serbia, and the United States.

YTD Price Performance: -11.38%

Average Trading Volume: 420

Technical Sentiment Signal: Strong Buy

Current Market Cap: €865.8M

See more data about VARV stock on TipRanks’ Stock Analysis page.