on MASTRAD (EPA:ALMAS)
Mastrad unveils its 2023-2024 annual results
On October 16, 2024, Mastrad, a kitchenware specialist, published its annual results for the financial year ending June 30, 2024. The company recorded a turnover of €1,864K, down from €6,322K the previous year. Despite this decline, net income improved from -€1,424K to -€794K. This improvement is the result of restructuring efforts and refocusing on the temperature probe segment.
In a difficult context marked by the loss of its main client Whirlpool, Mastrad has initiated a safeguard procedure to obtain better visibility on its operations. With sufficient cash, it plans to launch new products in late 2024 and early 2025, while developing its activities in the United States.
R. H.
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