ErreDue S.p.A.

Equities

RDUE

IT0005521247

Industrial Machinery & Equipment

Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-05-08 am EDT			5-day change	1st Jan Change
9.5 ^EUR	0.00%		0.00%	+4.63%

Apr. 29	ErreDue, to Invest Italy SIM appointment as Euronext Growth Advisor	AN
Apr. 13	ErreDue S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

ErreDue, revenues rise in double digits in first half of year

July 26, 2023 at 05:50 am EDT

(Alliance News) - The board of directors of ErreDue Spa on Wednesday reviewed some preliminary unaudited management figures for June 30, which show growth in revenues from sales and services of about EUR7.8 million, up 45 percent from the same period in 2022 when they were EUR5.4 million.

The total backlog is about EUR10.5 million, of which more than 80 percent refers to the current fiscal year. The order backlog of EUR8.3 million is supplemented by EUR1.1 million from leases of on-site gas generators and EUR1 million from service and spare parts.

Cash positive Net Financial Position is EUR14.8 million from EUR17.4 million recorded as of December 31, 2022.

ErreDue's stock is flat at EUR9.86 per share.

By Chiara Bruschi, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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Latest news about ErreDue S.p.A.

ErreDue, to Invest Italy SIM appointment as Euronext Growth Advisor	Apr. 29	AN
ErreDue S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 13	CI
ErreDue grows in 2023 and releases dividend; doubles profit	Mar. 29	AN
ErreDue wins tender called by Enea to supply generator	Jan. 30	AN
Purchases on Mib; banks act as drivers	Jan. 02	AN
Lists start well; Mib in 30,700 area	Jan. 02	AN
ITALY GROWTH WINNERS & LOSERS: ErreDue up; Caribbean Company down.	Dec. 27	AN
Indices up before ECB; Mib, banks in red	Dec. 14	AN
Rally expected after Fed and before ECB and BoE	Dec. 14	AN
Still caution ahead of central banks	Dec. 13	AN
Still caution ahead of central banks	Dec. 13	AN
ErreDue, PEM electrolyzer to be contracted for more than EUR1 million	Dec. 13	AN
ErreDue, profit grows in triple digits in the first half of the year; revenues also up	23-09-26	AN
Mib falls to 28,100 area; Nexi at tail end of list	23-09-26	AN
Stock indexes still in the red; Banca Generali good	23-09-26	AN
Lists passive; Moody's warns on U.S. debt	23-09-26	AN
Milan bearish; Amplifon trailing.	23-09-25	AN
Italy's ErreDue Designates New CFO	23-09-19	MT
ErreDue chooses Rolando Robustelli as new chief financial officer	23-09-19	AN
ITALY GROWTH WINNERS & LOSERS: Visibilia leading; down ErreDue	23-08-09	AN
Mib rebounds in 28,400 area; FinecoBank leads the way	23-08-09	AN
ITALY GROWTH WINNERS & LOSERS: Visibilia and SIF up; ILBE on the bottom	23-08-08	AN
Tax on extra profits sinks Piazza Affari	23-08-08	AN
Futures up on ECB day	23-07-27	AN
Mib flat before Fed and ECB; banks good	23-07-26	AN

Chart ErreDue S.p.A.

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Company Profile

Erredue SpA is an Italy-based Company engaged in manufacturing equipment that generates/produces gases (particularly hydrogen, nitrogen, and oxygen) available to customers and directly accessible at any needed locations. The Company directly produces, sells, and rents gas handling equipment, taking care directly of all production stages: research, design, construction, and after-sales activities. The generators produced are used in many sectors, such as metallurgical, engineering, food, pharmaceutical, marine, energy, etc. In addition, our generators are mostly used in industrial processes to supplement or replace direct gas supply. The Company provides its customers with hydrogen and nitrogen generators for laboratory purposes; generators, mixers and gas purifiers designed to improve customersâ production in the industrial sectors. The Company has a worldwide sales and service network.

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Industrial Machinery & Equipment

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Ratings for ErreDue S.p.A.

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

9.5 EUR

Average target price

10.5 EUR

Spread / Average Target

+10.53%

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