Viohalco (GB:0QI2) has released an update.
Viohalco’s subsidiary ElvalHalcor reported a decrease in net debt by EUR 190 million and operational profitability with a-EBITDA at EUR 48.8 million for Q1 2024, despite challenging conditions marked by subdued global economic activity, inflation, and geopolitical crises. Sales volumes saw a slight increase, but overall sales fell by 12.2% due to lower metal prices, with profits after tax also declining compared to the previous year.
For further insights into GB:0QI2 stock, check out TipRanks’ Stock Analysis page.