Interpump posts Q2 profit fall, lowers revenue outlook

Interpump SpA

07/08/2024 13:15

Aug 7 (Reuters) - Italy's Interpump  ITPG.MI  posted a
24.2% drop in second-quarter net profit to 62.5 million euros
($68 million) on Wednesday, prompting the high-pressure pump
maker to lower its revenue outlook and knocking its shares.
    It now expects a full-year revenue decrease in the "high
single digits" having previously forecast a change of +1/-5%.
    Interpump reported earnings before interest, taxes,
depreciation and amortisation (EBITDA) of 124.6 million euros,
down 14.5% year on year. It confirmed its EBITDA margin target
of 23% for the year.
    Interpump shares fell as much as 4% after it posted its
results, hitting their lowest levels since October 2022.
    
    
    
    
    


($1 = 0.9155 euros)

 (Reporting by Romolo Tosiani; Editing by)
 ((Romolo.Tosiani@tr.com; X:@RomoloTosiani))