Correction of the 2024 Half-Year Results of AURES TECHNOLOGIES

AURES Technologies has published a correction for its results for the first half of 2024. The group is posting losses that are down sharply compared to 2023. Operating income stands at -€2,072K, with a notable improvement of 45.9% compared to the previous year. Turnover is down slightly by 3.5%, reaching €39,287K.

The company continues to feel the effects of the economic crisis and inflation in Europe, affecting its business. However, the reduction in losses is partly attributed to the cancellation of a €1.1 million social debt and the absence of new depreciation provisions.

Regarding cash, net debt amounts to EUR 2.6 million as of June 30, 2024. In early October, Advantech acquired a block of shares, preceding a mandatory public tender offer on AURES shares.