Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Chemring ( (GB:CHG) ) has issued an update.
Chemring Group PLC reported a robust performance for the year ending 31 October 2024, with an 8% revenue increase attributed to strong growth in its specialist energetic materials businesses and Roke division. Despite facing operational challenges, the company achieved a record order book, providing excellent medium-term revenue coverage. The company invested significantly in expanding capacity, particularly in Norway, amidst increased global demand. The outlook for global defense markets remains strong, and Chemring aims to achieve annual revenue of approximately £1 billion by 2030, positioning itself for sustained growth and value creation.
More about Chemring
Chemring Group PLC operates in the defense industry, specializing in electronic warfare, sensors, and energetic materials. The company focuses on providing advanced countermeasures and protection solutions, with a strong emphasis on the defense and security markets globally.
YTD Price Performance: 5.43%
Average Trading Volume: 841,157
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £983M
For detailed information about CHG stock, go to TipRanks’ Stock Analysis page.
