2024 Q2: Innofactor Plc reports 1.1% net sales drop to €19.9M and 65.8% EBITDA decline to €0.6M.
Innofactor Plc, a technology firm, reported Q2 2024 net sales down 1.1% to €19.9M from last year, and a 65.8% drop in operating margin (EBITDA) to €0.6M. Despite a challenging market, order backlog increased. In H1 2024, net sales rose 1.8% to €41.1M, while EBITDA decreased 24.6% to €3.2M (7.8% of net sales). The company expects net sales and EBITDA to improve in 2023 compared to 2022.
July 18, 2024
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