Titon Holdings Reports Challenges and Restructuring Steps

Titon Holdings (GB:TON) has released an update.

Titon Holdings PLC has reported a challenging year with lower-than-expected sales in the UK and Europe, leading to an anticipated increase in losses for the FY23/24 period. Despite this, the company has seen a growth in orders for its Ventilation Systems business and is implementing a strategic review to improve profitability, including changes in sales strategy and cost reductions. Additionally, a board member, Tyson Anderson, has stepped down as part of the restructuring efforts.

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