Solocal Reports Downturn in H1 2024, Restructures Leadership
Company Announcements

Solocal Reports Downturn in H1 2024, Restructures Leadership

Solocal (FR:LOCAL) has released an update.

Solocal’s H1 2024 financial results show a decline, with revenue down 12% from H1 2023 to €163.8 million, and EBITDA decreased by 27%. The company is grappling with commercial challenges and a high churn rate, expecting a further revenue drop of 10% for the year. Amidst these struggles, Solocal completed financial restructuring and appointed a new Chairman and CEO with a bolstered Board of Directors.

For further insights into FR:LOCAL stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks European Auto-Generated NewsdeskSolocal Releases 2024 Half-Year Financial Report
TipRanks European Auto-Generated NewsdeskSolocal Group Announces Reverse Share Split
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App