Schmid Group NV reported its financial results for the full year ended December 31, 2024. The company posted a net loss of EUR 84.33 million for the period. In comparison, the previous year saw a net income of EUR 37.95 million. Schmid Group NV continues to operate as a global supplier of equipment, software, and services across industries including PCB, substrate manufacturing, photovoltaics, glass, and energy storage, with a focus on high-end technology and performance. The company noted that it conducts its business through Gebr. Schmid GmbH, its wholly-owned subsidiary, as well as other directly owned subsidiaries. Management cited ongoing geopolitical and macroeconomic challenges, such as the war in Ukraine and global trade tensions, as factors impacting financial markets and business performance. The company also highlighted the potential effects of political developments, including the US presidential election and changing international relations, on its operations. Schmid Group NV’s segment reporting and financial statements have been prepared in accordance with IFRS standards.

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