One Tech Reports Slight Revenue Decline in Q3 2024
In the third quarter of 2024, One Tech observed a slight decrease in its revenue, recording a 4.3% drop compared to the same period in 2023.
Over the first nine months of the year, the cumulative revenue decreased by 7.4% compared to the same period in 2023. On a like-for-like basis, this decline stands at 6.5%, in line with budget forecasts.
Exports during this period reached 668 million, representing 84.9% of total revenue. Production, on the other hand, decreased by 4.5%, still on a like-for-like basis.
The group continues to invest in quality, productivity, and sustainable development, with a total of 20.5 million invested as of September 30, 2024, representing a 27% increase compared to the previous year.
Regarding debt, it has been reduced by 15%, reaching 130 million as of September 30, 2024, despite significant investments during this period.
It is worth noting that the transformation of the mechatronics pole is in an advanced stage. This project aims to improve the performance of various entities, with the goal of developing high-added-value modules.
