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Maggie Beer Holdings Ltd. ( (AU:MBH) ) has issued an update.
Maggie Beer Holdings Ltd has announced a strategic review of its operations following increased sales offset by high operating costs. To improve profitability, the company plans to streamline its structure by reducing executive roles and headcount, appointing divisional heads for its E-Commerce and Maggie Beer Products segments to focus on cost management and strategy. Preliminary results for the first half of FY25 indicate a sales increase of 5.5% to 6% but a decline in EBITDA by 7% to 8%. The company’s restructuring aims to enhance efficiency and profitability, with more details expected in the upcoming half-year results announcement.
More about Maggie Beer Holdings Ltd.
Maggie Beer Holdings Ltd is a company operating in the food and beverage industry, focusing on producing gourmet food products and e-commerce offerings. The company is known for its premium Maggie Beer Products and has a market focus that includes both traditional retail and online sales channels.
YTD Price Performance: 5.17%
Average Trading Volume: 191,030
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$21.61M
For an in-depth examination of MBH stock, go to TipRanks’ Stock Analysis page.
