The latest update is out from Chemring ( (GB:CHG) ).
Chemring Group PLC announced an optimistic outlook for FY25, with its order book reaching a record £1,351 million, reflecting strong customer demand across its sectors. The company is well-positioned for future growth, supported by significant orders and a new £40 million share buyback program. The Group’s strategic focus on expanding capacity and capability aligns with the increasing market opportunities, particularly in light of heightened NATO defense spending and European defense production coordination. This strategic direction aims to achieve annual revenue of approximately £1 billion by 2030, with mid-teen margins in the medium term.
More about Chemring
Chemring Group PLC is an international manufacturing and technology company that provides high-reliability products and innovative services primarily in the Defence, Security, and Space markets. The company focuses on supplying advanced solutions that cater to the growing demands of these sectors.
YTD Price Performance: 13.70%
Average Trading Volume: 1,325,871
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.01B
See more data about CHG stock on TipRanks’ Stock Analysis page.
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