Ariston Holding NV (IT:ARIS) has released an update.
Ariston Holding NV reported a significant decline in revenues and adjusted EBIT for the first nine months of 2024, with net revenues dropping 14.7% to €1.9 billion and adjusted EBIT falling 56.4% to €97 million. Despite the downturn due to weak market demand, particularly in Europe, the company improved its cash flow and remains committed to long-term growth through efficiency initiatives and sustainability efforts. The mid-term outlook is optimistic, with expectations of mid-single-digit organic growth as market conditions recover.
For further insights into IT:ARIS stock, check out TipRanks’ Stock Analysis page.
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