Castings (GB:CGS) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Castings PLC, a leader in iron casting and machining for the European heavy truck market, has announced that current demand levels are lower than previous years, with no expected improvement before early 2025, potentially leading to full-year results below market expectations. However, the company has successfully retained the majority of its customer base following the acquisition of Castings Ductile business and remains on budget with its new foundry production line at the Dronfield site, to be completed by early summer 2025.
For further insights into GB:CGS stock, check out TipRanks’ Stock Analysis page.