Carclo plc (GB:CAR) has released an update.
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Carclo plc, a global leader in high-precision components, reported a slight drop in FY24 revenue to £132.7m compared to the previous year but saw an increase in underlying operating profit to £6.6m. The company has successfully implemented cost control and capital management strategies, leading to a reduction in net debt to £29.5m, and has made significant strides in sustainability, with its ‘Zelda’ project and a shift to renewable energy in the UK. Despite market challenges, the company is confident in its strategy for innovation and long-term growth.
For further insights into GB:CAR stock, check out TipRanks’ Stock Analysis page.
