Gentili Mosconi-s.P.A. (IT:GM) has released an update.
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Gentili Mosconi reported a 15.6% decline in revenue for the first nine months of 2024, totaling €31.2 million, amid challenging macroeconomic conditions and a slowdown in the luxury market. Despite this setback, the company showcased resilience with slight improvements in the third quarter and maintained a cash-positive net financial position. Gentili Mosconi continues to leverage its leadership in luxury fabric design and production to navigate market challenges.
For further insights into IT:GM stock, check out TipRanks’ Stock Analysis page.
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