Grolleau Enhances Shareholder Value with Share Buyback

An announcement from Grolleau ( (FR:ALGRO) ) is now available.

Grolleau announced the acquisition of 8,871 shares as part of its share buyback program, authorized by shareholders in June 2024. This move is part of Grolleau’s strategy to enhance shareholder value and reflects confidence in its growth prospects, as the company aims to more than double its turnover by 2025-26.

More about Grolleau

Grolleau, founded in 1950, is a French industrial company specializing in infrastructure equipment for smart cities and territories, focusing on the deployment of 5G and connected objects. The company is a leader in outdoor equipment for critical technology protection, including energy, water management, connectivity, telecommunications, green mobility, and smart grids. Grolleau is the top French provider of urban cabinets and electric charging stations, with operations in France and through OMP Mechtron in Italy, China, and Mexico.

YTD Price Performance: -12.59%

Average Trading Volume: 1,397

Technical Sentiment Consensus Rating: Buy

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