(Telestock) – ELEMENTSa company listed on Euronext Growth Milan and a provider of solutions for the testing of semiconductor devices, has closed the first semester of 2024 with Consolidated Sales Revenue equal to 15.3 million euros, up 5% compared to 14.6 million euros on 30 June 2023. The impact of exports remains strong, equal to 45% of Consolidated Sales Revenues.
The revenues of the A&D Division (Aerospace & Defense) amount to approximately 5.2 million euros, compared to 4.4 million euros in the previous period, up 18%, and represent 34% of total revenues. Revenues of the Semiconductor Division are equal to approximately 10.1 million euros, in line with the previous period, in contrast with the trend of the reference sector.
“We are very satisfied of the results achieved by the Group in the first half of 2024 which confirm the breadth and resilience of the offer – commented theCEO Francesca Zaffarami – The semiconductor market is experiencing a significant adjustment phase with demand declining since the beginning of 2023. In this market context, the Group was able to grow significantly by leveraging the strong demand for testing linked to the world of Artificial Intelligence and High Performance Computing which offset the contraction in the automotive end market. The Aerospace & Defense end-market, which enjoys a more favorable market context, grew by 18% compared to last year”.
“I would like to underline, however, that 2024 is a particularly positive year so far, especially in terms of commercial development thanks to the opening of new markets, the acquisition of new customers and significant orders that confirm the Group’s positioning as a point of reference in mission critical applications in the semiconductor and Aerospace & Defense markets – he added – In order to support this growth process, we are also active in strengthening the managerial structure, having selected the best resources on the market”.
(Photo: © Veerasak Piyawatanakul)