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Somec S.p.A. ( (IT:SOM) ) has provided an update.
Somec S.p.A. reported a significant financial improvement for the 2024 fiscal year, with adjusted EBITDA increasing by 65.5% to 30.1 million euros and revenues rising by 3.2% to 382.8 million euros. The company achieved a notable recovery in profitability and strengthened its financial position, driven by efficient cost management and high-value orders, particularly in naval refitting and the North American glass facade market. The order backlog remains robust, reflecting ongoing demand in the cruise industry.
More about Somec S.p.A.
Somec S.p.A. is a company specializing in the engineering, production, and implementation of complex turnkey projects in civil and naval engineering. The company focuses on naval architectures and civil facades, professional kitchen systems, and customized interior designs, serving major shipyards and shipowners worldwide.
YTD Price Performance: -7.08%
Average Trading Volume: 11,196
Technical Sentiment Signal: Buy
Current Market Cap: €72.45M
See more insights into SOM stock on TipRanks’ Stock Analysis page.