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Vimi Fasteners SpA ( (IT:VIM) ) has issued an update.
Vimi Fasteners reported a decline in consolidated revenues to 56.19 million Euros for 2024, down from 61.35 million Euros in 2023, attributed to the challenging economic environment. Despite the revenue drop, the company maintained its market share and secured new agreements with global players, indicating confidence in future growth. The EBITDA also decreased to 6.4 million Euros, but effective resource management helped achieve satisfactory results. The net financial debt improved to 20.7 million Euros, showcasing the company’s resilience and cash-generating capabilities. The shareholders’ meeting is scheduled for April 29, 2025, to approve the financial statements.
More about Vimi Fasteners SpA
Vimi Fasteners S.p.A. is a leading company specializing in the design and production of high engineering content fastening systems for various sectors, including industrial, automotive, oil & gas, and aerospace. The company is listed on the Euronext Growth Milan trading system managed by Borsa Italiana S.p.A.
YTD Price Performance: -11.16%
Average Trading Volume: 7,755
Technical Sentiment Signal: Buy
Current Market Cap: €13.42M
See more insights into VIM stock on TipRanks’ Stock Analysis page.