The latest update is out from Hunting ( (GB:HTG) ).
Hunting PLC has announced a restructuring of its EMEA operating segment, initially revealed in January 2025. The restructuring involves closing the Netherlands OCTG site, consolidating manufacturing activities in the UK and Dubai, and reducing headcount in the EMEA segment. These actions aim to achieve annual cost savings of approximately $10 million and restore profitability by Q1 2026, with further details to be provided in the upcoming Q1 2025 Trading Update.
More about Hunting
Hunting PLC is a global precision engineering group that specializes in precision-manufactured equipment and premium services. Established in 1874, the company is publicly listed on the London Stock Exchange. With a corporate office in Houston and headquarters in London, Hunting operates in multiple countries including China, India, Indonesia, Mexico, and the United States. The company reports across five operating segments and product groups, focusing on areas such as OCTG, Perforating Systems, and Subsea Technologies.
YTD Price Performance: -0.69%
Average Trading Volume: 490,346
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £464.4M
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