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Arribatec Group Seals Major EU Deal Amidst Growth Challenges
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Arribatec Group Seals Major EU Deal Amidst Growth Challenges

Arribatec Group ASA (DE:B7Z0) has released an update.

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Arribatec Group ASA reported modest revenue growth with NOK 150.1 million in Q2 2024, a slight 1% increase from the previous year, but experienced a decrease in EBITDA to NOK 0.4 million from NOK 8.4 million. Despite the subdued growth, the company secured a significant NOK 73 million EU contract and a strategic partnership with Orbus Software, expected to drive future growth and innovation. The company also maintained a consistent cash position with NOK 30.1 million at the end of the quarter.

For further insights into DE:B7Z0 stock, check out TipRanks’ Stock Analysis page.

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