Tesmec (BIT:TES) Third Quarter 2024 Results
Key Financial Results
- Revenue: €64.8m (down 5.0% from 3Q 2023).
- Net loss: €1.30m (down by 147% from €2.76m profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tesmec Earnings Insights
Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Italy.
Performance of the Italian Machinery industry.
The company's shares are down 2.6% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with Tesmec.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About BIT:TES
Tesmec
Designs, manufactures, and sells products, technologies, and integrated solutions for the construction, maintenance, and efficiency of infrastructures related to the transport and distribution of energy, data, and material.
Reasonable growth potential with adequate balance sheet.
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