Solocal (FR:LOCAL) has released an update.
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Solocal’s H1 2024 financial results show a decline, with revenue down 12% from H1 2023 to €163.8 million, and EBITDA decreased by 27%. The company is grappling with commercial challenges and a high churn rate, expecting a further revenue drop of 10% for the year. Amidst these struggles, Solocal completed financial restructuring and appointed a new Chairman and CEO with a bolstered Board of Directors.
For further insights into FR:LOCAL stock, check out TipRanks’ Stock Analysis page.