Eurotech Reports Revenue Decline Amid Market Challenges

Eurotech S.p.A. (IT:ETH) has released an update.

Eurotech S.p.A. reported a significant drop in revenues for the first nine months of 2024, down 37.2% compared to the previous year, largely due to market challenges in industrial automation and semiconductor machinery. Despite this, the company improved its first margin to 51.8% through strategic supply improvements and a focus on higher-margin products. Additionally, Eurotech’s Edge AIoT segment showcased resilience, comprising 59.8% of total turnover.

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