Trajan Group Exceeds Financial Guidance

Trajan Group Holdings Ltd (AU:TRJ) has released an update.

Trajan Group Holdings Ltd has announced a strong second half-year performance, with Core nEBITDA jumping nearly 50% from the first half and Net Revenue meeting the guidance range at $155.0M. Despite a tough year marked by customer destocking and softer demand in Capital Equipment, the company managed to almost reach the prior year’s revenue and is optimistic about returning to normal demand cycles. Looking ahead, Trajan expects continued growth in Components & Consumables and a recovery in Proforma Gross Margin.

For further insights into AU:TRJ stock, check out TipRanks’ Stock Analysis page.