Aquafil SpA (IT:ECNL) has released an update.
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Aquafil SpA reported a significant 30% increase in profitability for the first nine months of 2024, despite a 5.9% drop in revenue to €416.1 million compared to the previous year. The company’s focus on cost containment and sales relaunch initiatives have led to improved EBITDA and a decrease in the PFN/EBITDA ratio, while the sales of ECONYL® brand and regenerated products now account for 54% of fiber revenue.
For further insights into IT:ECNL stock, check out TipRanks’ Stock Analysis page.
