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Carr’s Group plc ( (GB:CARR) ) just unveiled an announcement.
Carr’s Group plc reported its full-year results for the year ending August 31, 2024, revealing a strategic shift towards strengthening its Agriculture Division following a challenging year marked by economic and climatic difficulties. The Group is in the process of selling its Engineering Division to optimize shareholder value and focus on its core agricultural operations, aiming for profitable growth and expansion into new markets. Despite a statutory loss, the company showed growth in like-for-like revenue and adjusted profit, and remains optimistic about future prospects, driven by a refreshed leadership team and strategic transformations.
More about Carr’s Group plc
Carr’s Group plc is a global leader in the manufacture of value-added products and solutions, operating in the agriculture and engineering sectors. The Agriculture Division provides feed blocks, minerals, and boluses for livestock, while the Engineering Division offers precision components and specialist services for industries including nuclear, defence, and oil & gas.
YTD Price Performance: 22.80%
Average Trading Volume: 32,167
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £111.9M
Find detailed analytics on CARR stock on TipRanks’ Stock Analysis page.
