Innovatec Reports Full Year 2024 Earnings

Innovatec (BIT:INC) Full Year 2024 Results

Key Financial Results

• Revenue: €224.5m (down 1.6% from FY 2023).
• Net loss: €10.2m (down from €63.2k profit in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Innovatec Earnings Insights

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electrical industry in Italy.

Performance of the Italian Electrical industry.

The company's shares are down 4.4% from a week ago.

Risk Analysis

Be aware that Innovatec is showing 2 warning signs in our investment analysis and 1 of those shouldn't be ignored...

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