The financial results of Notos Holdings S.A. recorded a positive trajectory for 2024, despite specific challenges faced in certain business activities. The company demonstrates remarkable resilience and adaptability, both in retail and wholesale sectors, leveraging targeted investments, new strategic partnerships and continuous infrastructure upgrades.
The company’s revenue for 2024 reached 129.1 million euros, recording a 3.7% increase compared to the previous year, however the company showed a deviation from its initial target which was to achieve revenue 9 million euros higher. If only continuing operations are taken into account -since the youth clothing sub-sector was discontinued from early 2023- the increase amounts to 3.9%. EBITDA reached 16.9 million euros, showing positive performance, but also a deviation compared to the initial forecast of 19 million euros.
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