FNM S.p.A. (IT:FNM) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
FNM S.p.A. reported a 3.8% increase in revenues and a 7.5% rise in adjusted EBITDA for the first nine months of 2024, driven partly by strategic acquisitions in the renewable energy and communication sectors. The company’s net profit slightly decreased by 1.5%, while their operating result saw a notable decline due to sector-specific challenges. Despite these mixed results, FNM remains on track with its 2024 guidance, albeit with a downward adjustment in investment outlook.
For further insights into IT:FNM stock, check out TipRanks’ Stock Analysis page.