Masi Agricola SpA (IT:MASI) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Masi Agricola reported a 3.7% decline in revenue for the first nine months of 2024, totaling 45.9 million euros, attributed to reduced wine consumption amid inflation-driven spending constraints. Despite a positive third quarter with an 8% improvement, the company’s EBITDA adjusted decreased due to lower volumes and reduced finished product stocks. Net financial debt rose significantly, primarily due to investments and procurement of Amarone.
For further insights into IT:MASI stock, check out TipRanks’ Stock Analysis page.