Viscofan Reports Growth and Strategic Acquisitions in 2024
Company Announcements

Viscofan Reports Growth and Strategic Acquisitions in 2024

Viscofan (ES:VIS) has released an update.

Viscofan reported a 2.5% increase in turnover and an 18.3% rise in EBITDA for the first three quarters of 2024, driven by improved casing volumes and strategic acquisitions in Brazil. Despite a slight dip in net results due to exchange rate issues, the company reduced its net bank debt significantly and completed key strategic milestones, including a factory in Thailand and expanding its product portfolio. Viscofan aims for 6% to 8% EBITDA growth and 8% to 10% net result growth, showcasing strong operational performance amid challenging conditions.

For further insights into ES:VIS stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Spain Auto-Generated NewsdeskViscofan Offers Flexible Dividend Options for 2024
TipRanks Spain Auto-Generated NewsdeskViscofan Enhances Shareholder Value Through Buyback Program
TipRanks Spain Auto-Generated NewsdeskViscofan Boosts Shareholder Value with Stock Buyback
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App