Q2 organic revenue down 9.5% (Il Sole 24 Ore Radiocor) - Milan, 07 Aug - Interpump, an Italian producer of high power pressure pumps, said that in the second quarter net profit fell 24.2% to 62.5 million euros, as net sales fell 7.2% to 549.8 million.

Organic revenue fell 9.5%.

EBITDA declined 14.5% to 124.6 million euros. EBITDA margin narrowed to 22.7% from 24.6% in the same period of 2023.

'We are well satisfied with our second quarter results. There was little or no visibility at the start of 2024 and there were no signs of recovery in the complex overall picture during Q2, while certain important markets experienced sharp slowdowns," said the executive chairman, Fulvio Montipo.

"Against a background of this type, the resilience of our Group has been confirmed once again, with the diversification of products and geographical markets smoothing the results.

Given the information at our disposal, we do not expect significant changes in the rest of the year. Accordingly, a modest contraction in turnover, measured in the high single digits, is expected while the EBITDA margin will remain excellent at about 23% of turnover'.

AAA-Web

(RADIOCOR) 07-08-24 19:14:50 (0648) 5 NNNN