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IMS Immsi SpA News Story

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Italy's Immsi Q1 revenue rises at constant FX on higher vehicle sales

Overview

Italy industrial holding's Q1 Immsi Group consolidated net sales rose 1.8% at constant FX, fell 4.2% at current FX

EBITDA margin for Q1 reached 15.8%, among highest in company history

Outlook

Company says it will continue to engage in commercial activities across all its business operations to capitalise on favourable market opportunities

Result Drivers

HIGHER VEHICLE SALES - Piaggio segment saw global vehicle sales rise 1.5% y/y, supporting revenue at constant FX

MILITARY CONTRACTS - Intermarine segment nearly doubled revenue y/y, mainly from military contracts

MARGIN IMPROVEMENT - Co attributed historically high EBITDA margin to prudent resource allocation and financial management

Company press release: ID:nBIA5m5QjP

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 EBITEUR 19.7 mln
Q1 EBITDAEUR 58.4 mln
Q1 EBITDA Margin15.80%
Q1 EBIT Margin5.30%
Q1 Pretax ProfitEUR 2.1 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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