Tesmec S.p.A. (IT:TES) has released an update.
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Tesmec S.p.A. reported a slight decline in revenues for the first nine months of 2024, but improved EBITDA margins due to strategic cost management and focus on high-margin segments. Despite a negative net result impacted by increased financial charges, the company remains optimistic about future prospects, driven by a strong order book and energy transition opportunities. Tesmec generated 78% of its revenues from international markets, emphasizing its global reach.
For further insights into IT:TES stock, check out TipRanks’ Stock Analysis page.