(Finance) – Indel Ba company listed on Euronext Milan and active in the mobile refrigeration sector applicable to the automotive and leisure sectors, has announced that the sales revenue as of September 30th 2024 are equal to 157.5 million euros, with a decrease of 8.6% compared to 172.2 million in the same period of the previous year. The decrease in revenues impacted all the geographical areas in which it operates with the exception of Italy, confirming its international vocation with 70.8% of sales achieved abroad.
“We have faced a complex periodbut the results obtained, although they highlight a decrease in revenues, confirm the effectiveness of the actions undertaken and motivate us to maintain high attention in the search for new growth opportunities and in improving margins – commented theCEO Luca Bora – The nine-month results signal a return to normality after the post-Covid boom, particularly in the Leisure market, but also highlight signs of a general slowdown in the economy, caused by a complex macroeconomic situation and geopolitical uncertainties that have worsened in recent years.”
“In this context, prudence leads us to postpone purchases and reduce stock levels as much as possible, particularly in a phase still characterized by high interest rates, which hinder a recovery in a fragile economy, with little confidence to part of consumers and limited propensity to invest on the part of companies – he added – As in the past, we confirm that expectations in the medium and long term remain positiveboth in relation to the foreseeable trend of the markets currently suffering, and for the specific actions that the group is launching, focused in particular on the development of the Automotive and Leisure markets”.