Argeo AS (DE:8W20) has released an update.
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Argeo AS reports a substantial growth in its second quarter with revenue increasing tenfold and EBITDA tripling compared to the previous year. The company, which specializes in offshore industry surveys and inspections using autonomous robotics, secured major contracts and expects continued growth into the next quarter. Notably, Argeo’s technological advancements are highlighted by a key patent award for their electromagnetic system, ‘Argeo Listen,’ solidifying their market position.
For further insights into DE:8W20 stock, check out TipRanks’ Stock Analysis page.
