Maytronics Ltd.TASE: MTRN

MTRN: 2024 saw steep revenue and profit declines, with cost cuts and DTC focus set for 2025

· Issued by Maytronics Ltd.

Maytronics reported a 13.9% revenue decline and a net loss for 2024, impacted by market headwinds, inventory write-downs, and a challenging macroeconomic environment. The company expects further revenue declines in Q1 2025 but targets cost reductions and improved cash flow.

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