An update from Cellularline SpA ( (IT:CELL) ) is now available.
Cellularline S.p.A. reported a 3.5% increase in consolidated revenues for 2024, reaching €164.3 million, with a notable rise in adjusted EBITDA and net profit. The company’s strategic focus on expanding its customer base and optimizing operations has proven effective, despite a challenging international macroeconomic environment. The Red Line, the core business segment, saw a 5.2% growth, driven by new high-potential clients and partnerships, while the Black Line also experienced significant growth due to international market distribution. However, the Blue Line saw a decline in sales. The company has proposed a dividend distribution partly in cash and partly in shares, alongside a buyback plan.
More about Cellularline SpA
Cellularline S.p.A. is a leading European company in the smartphone and tablet accessories sector, listed on Euronext STAR Milan and managed by Borsa Italiana S.p.A. The company focuses on innovation in products and commercial processes, maintaining strong partnerships with top sector accounts to ensure sustainable growth.
YTD Price Performance: 12.93%
Average Trading Volume: 31,615
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €57.86M
See more insights into CELL stock on TipRanks’ Stock Analysis page.