Hunting (GB:HTG) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Hunting PLC has announced a robust H1 2024 with a sales order book reaching approximately $700 million, driven by substantial orders from Kuwait Oil Company and overperforming trading expectations. EBITDA for the first half is expected to surpass last year’s figures, projecting between $59m-$61m, which is a significant increase and indicative of a positive outlook for the company. The firm’s forward-looking strategy and cost reduction efforts are set to further enhance its financial position, with a strong revenue and earnings visibility extending into 2025.
For further insights into GB:HTG stock, check out TipRanks’ Stock Analysis page.
