Tecnotree Corporation Full Year Financial Report 1[st] Jan – 31[st] December 2023 (unaudited)
Tecnotree Corporation Stock Exchange Release 22 February 2024 at 9:00 EETRECORD DEMAND FOR TECNOTREE PRODUCTS, DELIVERS REVENUE GROWTH ABOVE GLOBAL MARKET TRENDS Fourth quarter (October – December 2023) · Net sales increased 10.4% to EUR 22.2 (20.1) million. · Operating result increased 29.5% to EUR 7.9 (6.1) million. · Flat operating cost EUR 14.3 (14.0) million · Foreign exchange losses increased 161% to EUR 6.0 (2.3) million. · Result for the period decreased by 26.4% mainly due to higher exchange loss to EUR 2.4 (3.2) million. · Operating Cash flow EUR 4.7 (0.6)