Icl Group Ltd. (IL:ICL) has released an update.
ICL Group Ltd. reported a solid sequential improvement in its Q1 2024 financial results, with sales increasing to $1,735 million and adjusted EBITDA reaching $362 million, indicative of stable global demand and recovery in key end-markets. Despite continued softness in electronics and construction, the company maintained good production levels and focused on cash generation and cost savings. Additionally, ICL saw an increase in specialty minerals results and is adapting to new EU anti-dumping measures on phosphorous-based imports from China.
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