Digital Bros S.p.A. (IT:DIB) has released an update.
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Digital Bros reported a 6.3% increase in net revenues for the first quarter of the 2024-2025 fiscal year, reaching 21.5 million euros, driven by sales of catalog products. Despite a negative operating margin, the company improved its EBITDA significantly to 5.9 million euros due to a reorganization process. However, it still faced a net loss of 2.3 million euros, although this was an improvement over the previous year’s first quarter.
For further insights into IT:DIB stock, check out TipRanks’ Stock Analysis page.
