Eurotech S.p.A. (IT:ETH) has released an update.
Eurotech S.p.A. faced a challenging first nine months of 2024 with revenues declining by 37.2% due to market conditions, yet their focus on higher-margin products and cost rationalization helped improve their first margin to 51.8%. The company saw resilience in its Edge AIoT business, which accounted for nearly 60% of total revenues, as they navigated the impacts of industry slowdowns and strategic shifts. Despite the setbacks, Eurotech’s efforts in procurement and operational restructuring show promise for future financial stability.
For further insights into IT:ETH stock, check out TipRanks’ Stock Analysis page.