Bodycote (GB:BOY) has released an update.
Bodycote PLC reported a revenue decrease to £399.0m from £420.1m, citing lower surcharges and foreign exchange headwinds, but achieved a 1.5% organic growth excluding surcharges. Despite challenging market conditions, especially in the Automotive and General Industrial sectors, the company saw a 7.0% increase in headline operating profit to £66.8m and an improved headline operating margin of 16.7%. The company’s confident outlook is supported by their strategic actions and robust Specialist Technologies’ performance.
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