Airea plc (GB:AIEA) has released an update.
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Airea PLC, a UK-based specialist flooring company, has reported a 5.6% decrease in sales year on year due to a second quarter slowdown, but remains optimistic with a strong start to the third quarter and continued investment in its manufacturing facility. Despite the dip in sales, there’s a robust order book for eco-friendly products and expected trading improvements in the latter half of the year. The company is also revising its stockholding policy to enhance efficiency and cash flow.
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