Cabka N.V. Reports Resilient Growth Amid Market Challenges in 2024

Cabka N.V. ( (DE:7GW) ) just unveiled an announcement.

Cabka N.V. announced its preliminary update for 2024, highlighting resilient portfolio growth and margin expansion despite challenging market conditions. While overall sales declined by 8% compared to 2023, the company achieved underlying growth of 4.5% when adjusted for specific declines in the US Customized Solutions and Contract Manufacturing segments. The company improved its gross margin significantly and continues to work on operational efficiencies. Due to financial headwinds, Cabka decided not to pay a dividend for 2024 to maintain financial stability and support strategic initiatives.

More about Cabka N.V.

Cabka N.V. is a company that specializes in recycling hard-to-recycle plastics from post-consumer and post-industrial waste into innovative reusable transport packaging solutions, such as pallets and large containers. The company also produces ECO products, mainly for construction and road safety, exclusively from post-consumer waste. Cabka is recognized for its integrated approach from waste to manufacturing, supported by its innovation center, and is listed on Euronext Amsterdam.

YTD Price Performance: -9.05%

Average Trading Volume: 2,160

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €50.41M

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