The latest announcement is out from Pact Group Holdings ( (AU:PGH) ).
Pact Group Holdings announced a voluntary delisting from the ASX and provided a trading update for Q3 FY25, showing a 2.7% increase in revenue from continuing operations due to higher volumes in the Materials Handling & Pooling segment. The company is undergoing debt refinancing and strategic reviews, including a potential divestment of its Asian packaging and closures business. Early Q4 demand signals are soft due to tariff tensions, high living costs, and supply chain disruptions. The company is also involved in ongoing litigation related to a previous acquisition.
More about Pact Group Holdings
Pact Group Holdings is a company operating in the packaging and sustainability industry, focusing on materials handling and pooling. The company engages in packaging solutions and has a market focus that includes strategic reviews and potential divestments to enhance shareholder value.
YTD Price Performance: 30.85%
Average Trading Volume: 181
Technical Sentiment Signal: Sell
Current Market Cap: €213.9M
For a thorough assessment of PGH stock, go to TipRanks’ Stock Analysis page.