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· The company's stock value has declined this week due to economic and political circumstances in Spain and Europe, particularly with the potential exit of France from the Euro. However, the company's strong fundamentals suggest it will continue on an upward trend, albeit at a slower pace. Currently, it presents a good opportunity for gradual investment, waiting to confirm whether the price continues to rise in the coming months.
· The "Create and Grow" Spanish law and the latest modifications to the anti-fraud Spanish laws have forced many companies to adapt their commercial dealing software to comply with these regulations. This situation gives Tier1 Technologies a commanding position against its peers.
· Tier1 unveiled its Strategic Plan for 2024-2026, focusing on enhancing its flagship product, Comerzzia, and implementing an ambitious strategy for stability and growth.
· The 2023 yearly results published show an increase of 19% in sales, reaching 21.82 million euros. The audited EBITDA has reached 3.15 million euros, an astonishing 66% increase compared to 2022. The solid balance sheet with high liquidity and low debt completes the picture. The net income was 1.71 million euros compared to 0.891 million euros a year ago.
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