Brunel International N.V. (GB:0QUM) has released an update.
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Brunel International N.V. reported a 6% revenue increase to EUR 346 million in Q2 2024, though organic growth was slower and EBIT fell slightly. To combat reduced conversion rates, the company has launched a cost reduction plan to save EUR 20 million annually. Despite market challenges and project delays, Brunel is investing in IT and digital infrastructure to enhance efficiency and prepare for future profitable growth.
For further insights into GB:0QUM stock, check out TipRanks’ Stock Analysis page.