Ricardo ( (GB:RCDO) ) has provided an update.
Ricardo plc has reported strategic progress despite market challenges, highlighted by the acquisition of E3 Advisory and the sale of Ricardo Defense. These moves align with its strategy to focus on environmental and energy solutions, resulting in a solid improvement in operating profit and a reduction in net debt. The company has faced market headwinds impacting order timing, but remains confident in its mid-term growth prospects by diversifying into industrial segments and maintaining a focus on cost control and operational efficiency.
More about Ricardo
Ricardo plc is a global strategic, environmental, and engineering consulting company listed on the London Stock Exchange. With over 110 years of engineering excellence and a presence in more than 20 countries, Ricardo provides expertise in delivering innovative cross-sector sustainable outcomes to support energy transition and environmental services, along with safe and smart mobility.
YTD Price Performance: -46.19%
Average Trading Volume: 549,724
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £140.6M
See more data about RCDO stock on TipRanks’ Stock Analysis page.
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