(Finance) – Weak session in Piazza Affari for the title Stellar Workshopa Vicenza-based company listed on Euronext Growth Milan and specialized in optical instrumentation for aerospace and astronomy, which yesterday evening announced the results for the first half of 2024 (Production value at 11.4 million euros, up 39% year-on-year; EBITDA at 2.4 million euros, down from 2.8 million euros in 1H23; net debt at 11.2 million euros, up compared to the 9.9 million euros of fiscal year 23, after 2.4 million euros of Capex).
“The 1H24 results show a mixed performance: while revenues met expectations, the profitability has lagged behind – ValueTrack notes – However, we view this as a temporary setback within a promising growth strategy, although we expect the need for a fine-tuning of our estimates for 2024.”
Stellar Workshop record one decline of 2.61% and stands at 11.2 euros. Operationally, a downward extension of the curve is expected with a support area seen at 11.02 and subsequently at 10.83. Resistance at 11.37.