Italian design company Dexelance DEX said it may make an acquisition by the end of 2024 following H1 2024 earnings.
“I hope and think we can at least do one M&A activity by the end of the year. Something will happen within the end of the year, maximum in the first quarter, at the beginning of 2025,” Dexelance chief executive officer said Monday during the company’s first-half conference call.
Its first-half results were mixed. Dexelance saw net profit fall to 1.0 million euro versus 5.8 million euros in the first half of 2023 as it forged on with expansion plans worldwide. The company opened its first U.S. flagship in New York City last October that hosts dedicated showrooms for Meridiani and Davide Groppi.
Led by European sales and buoyed by fresh U.S. interest in its brands, the company saw sales rise 9.2 percent to 151.0 million euros compared to the same period in 2023. Falling contract sales were offset by the performance of the residential segment, particularly within its furniture, lighting, kitchen and systems business, which was up 16.4 percent in the first half.
“The stock exchange is penalizing small and medium-sized companies,” Sasso said, responding to questions posed by analysts during the company’s conference call.Home to upscale brands like Saba Italia, Gervasoni and Meridiani, IDB said earnings before interest, taxes, depreciation and amortization fell to 18.5 million euros, compared to 21.6 million euros in the same period of 2023.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2024 Volvo XC90 Recharge and 2024 Genesis GV60 Show Electrified AlternativesTag along while we put the 2024 Volvo XC90 Recharge and Genesis GV60 thorugh their paces on the latest episode of Talking Cars with the Boss.
Read more »
2024 Italian Grand Prix 2024 Odds, Picks & Predictions: Changing of the Guard?Formula 1 odds have shifted to reveal Lando Norris, not Max Verstappen, as the betting favorite to win the 2024 Italian Grand Prix.
Read more »
2024 Dutch Grand Prix 2024 Odds, Picks, & Predictions: Max, Lando Reignite Rivalry at ZandvoortF1 odds for the 2024 Dutch Grand Prix list Max Verstappen and Lando Norris as co-favorites with Oscar Piastri next in line.
Read more »
US Election 2024: Democratic Climate Platform Is Okay For 2020, But It’s 2024The best that can be said of the weak-sauce, Biden-centric, backward looking climate section of the DNC platform is that it doesn't hobble Harris and Walz.
Read more »
ESPN FPI Loves Notre Dame Ahead of 2024 College Football SeasonESPN FPI sees big things for Notre Dame football in 2024.
Read more »
Turkish finance minister sees balanced growth composition in 2024Turkish finance minister sees balanced growth composition in 2024
Read more »