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Tenax International S.p.A ( (IT:TNX) ) just unveiled an announcement.
Tenax International has reported a preliminary revenue increase of 4.9% for FY 2024, reaching EUR 21.5 million, driven primarily by sales of their sweepers and street washers. Additionally, the company has a strong order backlog of EUR 10.1 million for 2025, which includes orders for the newly launched Electra 5.0 electric sweeper, underscoring their commitment to expanding their electric product offerings and strengthening their market position.
More about Tenax International S.p.A
Tenax International S.p.A. is a leading global producer specializing in 100% electric and low-voltage ecological machines for street cleaning and urban hygiene. The company, based in Reggio Emilia, offers a complete range of compact sweepers and street washers that are designed to be fully electric from inception.
YTD Price Performance: -4.46%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €8.32M
Learn more about TNX stock on TipRanks’ Stock Analysis page.