Largo was up on Tuesday's trading on the Paris Bourse, after reporting 'historic' sales in 2024 and encouraging prospects for the 2025 financial year.

The specialist in high-tech refurbishing said it generated sales of 34.8 million euros last year, showing a 64% increase in activity.

In a press release, Largo explains the strong growth in revenues by the ramp-up of its partnerships with operators, including the one signed with Orange, a business that is now the majority contributor to annual sales (58% of sales vs. 11% in 2023).

The company also says it is continuing its drive to improve margins, anticipating a "significant" improvement in Ebitda in the second half of 2024 compared with the first half.

As for its outlook, Largo says it expects to continue its commercial development and improve profitability indicators this year.

On the Paris Bourse, Largo shares were up by 1.2% on Tuesday, after having jumped by more than 7% early in the morning.

In a reaction note, analysts at TP ICAP Midcap spoke of a "business trend that remains good", as well as a momentum that should "continue".

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