on HYBRIGENICS (EPA:ALHYG)
Promising 2024 half-year results for Aton
Aton's 2024 half-year results reveal a significant improvement in operational performance. Despite a slight decrease in turnover to €0.2 million compared to €0.3 million a year earlier, losses have significantly decreased. Net income amounts to -€1.4 million, an improvement of €2.9 million compared to the previous year. This performance is the result of the reduction in operating expenses by 22%.
Aton undertook a major financial restructuring after the first half of the year. This led to deleveraging through debt-to-equity conversions, providing improved financial strength and a cash horizon until the end of 2025.
Aton is now focusing on consolidating its strategic assets, leveraging its innovative subsidiaries to maximize growth and profitability. This strategy aims to strengthen Aton in its key markets, optimizing synergies and reducing costs.
R. H.
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