Financial PerformanceTechnogym reported better-than-expected FY-24 results, with a sequential acceleration of organic growth in Q4 to +15% and gross margin gains driving a 5% beat to adj. EBITDA in H2.
Shareholder ReturnsRobust free cash flow generation driven by tight working capital management resulted in a further net cash pile, which will be partially returned to shareholders via a special dividend.
Stock ValuationThe stock trades at a 10% discount compared to its long-term average, suggesting potential for price appreciation.