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The latest update is out from M Vest Water AS ( (DE:7YA) ).
M Vest Water reported a substantial 106% increase in total revenues for 2024 compared to the previous year, driven largely by recurring sales of their flagship product, NORWAFLOC®. The company has strengthened its market position with a series of strategic agreements and contracts, including a frame and cooperation agreement in Germany and market penetration initiatives in the Middle East. These developments, along with a significant increase in tender activities across various sectors, position the company for sustained growth, aligning with global trends towards environmental sustainability and regulatory pressures for cleaner water solutions.
More about M Vest Water AS
M Vest Water is an environmental technology company based in Bergen, Norway, specializing in developing non-toxic, biodegradable products for the water treatment industry. The company, founded in 2017 and listed on Euronext Growth, targets both industrial and municipal markets with solutions addressing water pollution challenges.
YTD Price Performance: 10.42%
Average Trading Volume: 368
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €27.35M
For a thorough assessment of 7YA stock, go to TipRanks’ Stock Analysis page.
