ELES, revenues growing by 4% in the 9 months

ELES revenues growing by 4 in the 9 months

(Finance) – ELESa company listed on Euronext Growth Milan and provider of solutions for testing semiconductor devices, has closed the first nine months of 2024 with Consolidated Sales Revenue equal to 22 million euros, up 4% compared to 21.1 million euros as of 30 September 2023. The impact of exports remains strong, equal to 45% of Consolidated Sales Revenues.

“The Group’s revenues in the first nine months of 2024 were significantly higher than our expectations in the A&D end market and lower in the Semi area due to the significant slowdown in the automotive end market and the shift to the last quarter of certain investments from part of our customers – commented theAD Francesca Zaffarami – We are very satisfied with the positioning of our offer for the testing of High Power and High Voltage devices which is facilitating the opening of new markets and commercial development activities; in particular in the USA, where several DEMOs are planned in recent months and in Europe”.

(Photo: Towfiqu barbhuiya on Unsplash)

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