Tenax International Reports Full Year 2024 Earnings

Tenax International (BIT:TNX) Full Year 2024 Results

Key Financial Results

• Revenue: €22.6m (up 6.6% from FY 2023).
• Net income: €92.3k (down 87% from FY 2023).
• Profit margin: 0.4% (down from 3.3% in FY 2023). The decrease in margin was driven by higher expenses.

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Tenax International Earnings Insights

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Machinery industry in Italy.

Performance of the Italian Machinery industry.

The company's shares are down 4.0% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Tenax International (2 make us uncomfortable!) that you should be aware of.

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