Miko NV (GB:0F99) has released an update.
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Miko NV, the Euronext Brussels listed company specializing in coffee services, has reported a double-digit growth in its core business, with sales increasing by 12% and corresponding rises in EBIT (38%), EBITDA (25%), and net profit (36%). Despite this growth, the company faced a non-recurring loss of 15.5 million euros due to the sale of its subsidiary SAS NV and additional costs. CEO Frans Van Tilborg expresses optimism, noting strong performance in the coffee service sector amidst the challenges of fluctuating commodity prices.
For further insights into GB:0F99 stock, check out TipRanks’ Stock Analysis page.
