AURES: Financial Report for the First Half of 2024

AURES Technologies sees a sharp decline in its losses in the first half of 2024. The operating result is -€2,072K, reducing the operating margin to -5.27%. The net result improves, showing -€2,051K, an improvement of 45.3% compared to 2023.

However, turnover decreased by 3.5% to €39,287,000. A persistent economic crisis is affecting activity in European markets. A reduction in the gross margin rate and the absence of depreciation and amortization provisions also affected the results.

The group's net debt decreased slightly to €2.6 million. The acquisition of shares by Advantech and the issuance of convertible bonds mark significant financial developments for AURES.

In the face of economic uncertainty, the group expects business to remain stable for the remainder of the year. The next announcement of third-quarter results is scheduled for November 6, 2024.