The stocks of Gefran keep riding a rollercoaster, as they are now on the rise after the extremely negative trend recorded in recent weeks.
The decline was recorded following the presentation of the results for the second quarter of 2019, which caused some concern among stockholders despite the positive effects linked to the acquisition of Elettropiemme.
The recovery seen in the last few days is nevertheless a positive signal and seems to confirm – at least for now – the forecast of Gefran’s management.
During the presentation of Q2 results, the Group’s CEO, Alberto Bartoli, has in fact stated that: “Despite the slow-down in the economic cycle, the first half of the year registered an increase in revenues due not only to the acquisition of Elettropiemme but to orders acquired in the motion control area, where the effects of the growth strategy we have adopted in the past few years are now being felt.“