Cembre SPA (IT:CMB) has released an update.
Cembre S.p.A. reported a 1.3% increase in consolidated revenues for the first nine months of 2024, reaching €171.3 million, driven by growth in both domestic and international markets. However, the company’s net profit fell by 9.3% due to higher personnel costs and increased investments, despite a promising 3% revenue growth noted in October. The company also announced a shareholders’ meeting to amend its bylaws and regulations.
For further insights into IT:CMB stock, check out TipRanks’ Stock Analysis page.
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