Vimi Fasteners, third quarter revenues drop year-on-year - MarketScreener

(Alliance News) - Vimi Fasteners Spa on Monday reported third quarter revenues of EUR43.1 million, down 3.6 percent from EUR44.66 million in the third quarter of 2023.

"The values of revenues, in terms of relative change compared to the corresponding previous accounting period, remain almost in line with the recently approved half-year figures, demonstrating the resilience of the Vimi Group, which is able to sustain its revenues in the current adverse macroeconomic environment," the company specified in a note.

The value of the group's order book as of Sept. 30 was EUR18.9 million, down from EUR25.2 million as of Sept. 30, 2023.

As of Sept. 30, consolidated net financial debt was EUR22.3 million, an improvement from EUR23.9 million as of Dec. 31 and broadly in line with the figures as of June 30.

Vimi Fasteners closed Monday at par at EUR1.16 per share.

By Chiara Bruschi, Alliance News reporter

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