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Sogefi S.p.A. Sees Profit Surge Amid Revenue Dip

Sogefi S.p.A. Sees Profit Surge Amid Revenue Dip

Sogefi SPA (IT:SGF) has released an update.

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Sogefi S.p.A. reported a 4.6% decline in revenues for the first nine months of 2024, yet achieved substantial profit growth with EBIT rising to €38 million and net profit from continuing activities nearly doubling to €15.1 million. Despite challenging market conditions, the company’s free cash flow from operations turned positive, highlighting improved financial health after the sale of its Filtration division.

For further insights into IT:SGF stock, check out TipRanks’ Stock Analysis page.

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