Precia Molen: growth rebounds in Q3

(CercleFinance.com) - On Wednesday morning, Precia Molen posted one of the strongest gains on the Paris market, following last night's announcement of a clear rebound in growth in Q3.


The manufacturer of industrial and commercial static weighing instruments reports that its sales rose by 9.3% to 43.8 million euros over the past quarter.

On an organic basis, i.e. at constant scope of consolidation and exchange rates, growth for the quarter came to 8.8%.

For the first nine months of 2024, sales came to 125.7 million euros, virtually stable (-0.6%) compared with the same period in 2023.

Expressed on an organic basis, however, sales were down by 1.9% to end September.

With regard to its outlook, Precia notes that the downturn in new equipment sales in France continues in a complicated economic and political context.

In the rest of the Group's geographic zones, economic activity continues to be good, the Group states in a press release.

Following this publication, Euroland's analysts have renewed their Buy recommendation and their price target of 40 euros, believing that the investment case remains 'fundamentally unchanged' after these announcements.

On the Paris Bourse, the share gained over 5% in the wake of these figures, enabling it to limit its losses since the start of the year to around 11%.

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