TrenDevice S.p.A. (IT:TD) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
TrenDevice S.p.A., a prominent player in the circular economy sector, reported a 16% decline in revenues and a 43% drop in EBITDA for the third quarter of 2024, largely due to a change in suppliers and increased competition in the Italian market. Despite these financial setbacks, the company maintained its environmental contributions, preventing 508 tons of CO2 emissions in Q3 2024. CEO Alessandro Palmisano emphasized the company’s focus on organic growth and potential market expansion to achieve financial stability.
For further insights into IT:TD stock, check out TipRanks’ Stock Analysis page.