(Alliance News) - The board of directors of Technoprobe Spa on Tuesday reviewed and approved the consolidated results as of March 31, 2024. Consolidated revenues as of March 31, 2024 stood at EUR101.8 million, up 12 percent from the same period in 2023 thanks to the positive contribution related to artificial intelligence-related volumes and the gradual recovery of the consumer segment, which is associated with the gradual normalization of inventory levels of devices such as smartphones and computers. The positive trend in the aforementioned segments was partially offset by the slowdown in volumes in the automotive and industrial segments.

Consolidated Ebitda was EUR24.7 million, down 8.2 percent from the same period in 2023.

"This registers a margin of 24.3 percent also taking into account the change in the perimeter due to the acquisition of Harbor Electronics and the company's strategic decision to keep the production structure and resources employed unchanged in order to ensure an adequate response to the expected recovery in volumes," the released note reads.

As of March 31, 2024, the Consolidated Net Financial Position shows a positive value of EUR340.1 million.

Technoprobe closed Tuesday's session in the red by 0.5 percent at EUR7.70 per share.

By Maurizio Carta, Alliance News reporter

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