RS Group PLC (GB:RS1) has released an update.
RS Group PLC has reported a decline in financial performance for the fiscal year ending March 31, 2024, attributed to weakened global industrial production and the end of post-pandemic trading benefits. Despite these challenges, the company is actively restructuring, realizing cost reductions, and integrating strategic acquisitions to position itself for growth once market conditions improve. The company has maintained its final dividend and is focused on investing in operational efficiency and growth accelerators for the future.
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