Groupe SFPI SA (FR:SFPI) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Groupe SFPI SA reports a resilient financial performance in the first half of 2024, despite a 4.2% decline in sales, primarily due to the downturn in their MAC pole. Gross margins improved by 2.7 points leading to a stable operating income of €13.4M and a notable increase in net income to €9.9M, a 52% rise from the previous year. The company’s financial solidity is highlighted by a strong net financial surplus of €51.9M, marking a €6.6M increase from the end of 2023.
For further insights into FR:SFPI stock, check out TipRanks’ Stock Analysis page.
