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The latest announcement is out from Somec S.p.A. ( (IT:SOM) ).
Somec S.p.A. has announced new orders worth 35 million euros for its Horizons division in the naval glazing sector, focusing on innovative systems for cabin windows and solar shading elements for three ships at a Finnish shipyard. This development reinforces Somec’s market position in the evolving cruise sector, showcasing its expertise in meeting high-quality standards and technological advancements. The economic benefits of these orders are expected to be realized between mid-2025 and 2029, highlighting the company’s strategic growth and commitment to operational excellence.
More about Somec S.p.A.
Somec S.p.A., headquartered in San Vendemiano, Italy, specializes in engineering, design, and execution of complex turnkey projects across civil and naval sectors. Operating through its three divisions – Horizons, Talenta, and Mestieri – Somec is renowned for its high-quality standards, customization, and expertise in handling diverse materials, which are crucial for high-value projects. With a global presence spanning 12 countries and 3 continents, the company employs around 1000 people and reported revenues of 371 million euros in 2023.
YTD Price Performance: -10.62%
Average Trading Volume: 5,616
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €69.35M
For detailed information about SOM stock, go to TipRanks’ Stock Analysis page.
