EQS-News: Novem Group S.A.: Q3 2023/24 figures reflect challenging market conditions
YTD 2023/24 revenue of €485.8 million, -7.7% below YTD 2022/23
- YTD 2023/24 revenue of €485.8 million, -7.7% below YTD 2022/23
Luxembourg, 15 February 2024 – Novem Group S.A. today published its figures for the third quarter of its financial year 2023/24. - Revenue Series of €123.1 million declined by -16.5% in Q3 2023/24, primarily influenced by extended customer plant holidays and weak call-offs.
- Because of a different project phasing, revenue Tooling of €15.7 million also recorded lower than last year (€19.6 million).
- At constant foreign exchange rates, revenue in Q3 2023/24 would have been higher by €3.4 million or 2.4%.