Strix Group (GB:KETL) has released an update.
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Strix Group Plc reports strong performance in line with market expectations, with successful cash conservation efforts leading to better-than-expected cash generation and accelerated debt reduction. The Group is launching a new range of cost-effective kettle controls for the Chinese market, and its acquisition of Billi is driving growth in its Premium Filtration Systems division. Despite facing commodity price volatility and foreign exchange challenges, Strix is proactively managing these risks while preparing for refinancing to support future growth.
For further insights into GB:KETL stock, check out TipRanks’ Stock Analysis page.
