Tekna Holding AS (DE:8VB) has released an update.
Tekna Holding ASA reported a modest year-over-year revenue growth of 1.9% in Q2 2024, with a notable 30% increase from Q1, suggesting a positive trend for the year despite a current order backlog decrease. The company is implementing a comprehensive profitability improvement program expected to contribute CAD 2 million in adjusted EBITDA over the next six months. Additionally, Tekna achieved a significant legal victory in an intellectual property case, which may recuperate substantial legal costs.
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