Gevelot SA Faces Revenue Drop Amid Market Challenges

Gevelot SA (FR:ALGEV) has released an update.

Gevelot SA reported a nearly 9% drop in revenue for the first half of 2024 compared to 2023, primarily due to decreased sales in the Oil & Gas sector and an expired licensing contract. Despite this downturn, the company remains optimistic about future performance, anticipating improved billing from renewed contracts and favorable returns on its investments.

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