AECI Ltd’s Strategic Shift Amid Financial Challenges

AECI Ltd (GB:87FZ) has released an update.

AECI Ltd has made substantial progress in its strategic transformation for 2024, achieving key milestones such as a new operating model and increased global mining explosives sales, despite facing challenges in the domestic market. Financially, the company reported a 4% decline in revenue and an 18% drop in EBITDA due to lower ammonia prices and reduced sales volumes. The company’s efforts in cost management and strategic initiatives aim to bolster profitability and lay a foundation for long-term growth.

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