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ELES Reports Growth Amid Mixed Semiconductor Market
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ELES Reports Growth Amid Mixed Semiconductor Market

ELES Semiconductor Equipment SpA (IT:ELES) has released an update.

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ELES Semiconductor Equipment SpA reported a 4% increase in consolidated sales revenues to approximately 22 million euros as of September 30, 2024, with significant growth in the Aerospace & Defense sector, which surged 23% year-on-year. The company is well-positioned in the high-power and high-voltage testing markets, especially in the USA and Europe, despite facing challenges in the semiconductor sector due to a slowdown in the automotive market. Exports remain robust, making up 45% of the total sales revenues.

For further insights into IT:ELES stock, check out TipRanks’ Stock Analysis page.

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