THE BoD OF COMER INDUSTRIES APPROVED THE INTERIM CONSOLIDATED FINANCIAL REPORT AS OF JUNE 30, 2024

A slowdown economic scenario and high geo-political uncertainties characterized the first half of 2024, affecting the financial results as of June 30, approved today by the Board of Directors of Comer Industries. In the first six months of the current fiscal year, the Group achieved Sales Revenues of 531 million euros (down 21.5% compared to the first half of 2023) mainly as a result of a decrease in demand in the agricultural market.

Despite this, the glocal strategy, which combines global vision and attention to the local needs of each customer, and the robustness of the company, allow us to look forward to the coming months with confidence and to continue to invest significantly in the future of Comer Industries.

Matteo Storchi, President & CEO, commented: “In a declining market, the Group was able to maintain margins close to its record 2023 levels thanks to its ability to act promptly, effectively and efficiently across the entire value chain. We will continue with our long-term strategy with confidence, making yet other investments, as evidenced by the purchase of the production plant in North America, a tangible sign of our growth ambition”.