Empresaria (GB:EMR) has released an update.
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Empresaria Group has faced ongoing market challenges, with a 4% drop in net fee income in the third quarter of 2024 and worsening conditions in Germany and APAC regions. Despite strategic simplifications and cost control, the company expects unfavorable market trends to persist into 2025, impacting its financial performance. The bank has eased its interest cover covenant to ensure compliance, with the company’s adjusted net debt standing at £13.6m.
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