Italy's De Nora reports 8.8% drop in 2024 adjusted core earnings
18/02/2025 15:07
MILAN, Feb 18 (Reuters) - Italian electrochemistry group
Industrie De Nora DNR.MI said on Tuesday that its adjusted
core profit fell 8.8% in 2024 to 157.4 million euros ($164
million).
Preliminary revenue came in at 863 million euros, up 2.6% at
constant exchange rates, as a good performance of its water
technologies and energy transition businesses more than
compensated a lacklustre performance of the electrode division.
The group said it would update the market on its 2025
guidance and mid-term outlook on March 18, adding that it had
limited visibility on the short-term order intake for projects
related to the production of hydrogen with renewable energy
sources due to regulatory uncertainties.
($1 = 0.9570 euros)
(Reporting by Francesca Landini, editing by Gianluca Semeraro)
((francesca.landini@thomsonreuters.com; +39 02 66129437;
Reuters Messaging: reutersitaly.thomsonreuters@reuters.net))