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Dowlais Group PLC ( (GB:DWL) ) has issued an update.
Dowlais Group PLC reported its full-year 2024 results, highlighting a 6.4% decline in adjusted revenue, primarily due to challenges in the ePowertrain product line. Despite lower volumes, the company managed to improve its adjusted operating margin through cost management and commercial recoveries. Dowlais announced a strategic combination with American Axle & Manufacturing Holdings Inc., aiming to create a larger, diversified global manufacturer. The company also disposed of its GKN Hydrogen operations and conducted a strategic review of its Powder Metallurgy segment, positioning itself for sustainable growth and cash generation.
More about Dowlais Group PLC
Dowlais Group PLC is a specialist engineering company focused on the automotive sector, comprising GKN Automotive and GKN Powder Metallurgy. With over 79 manufacturing facilities in 22 countries, Dowlais is a leader in automotive technology, delivering engineered products and solutions that support the transition to sustainable vehicles.
YTD Price Performance: 3.04%
Average Trading Volume: 6,305,986
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £930.6M
See more data about DWL stock on TipRanks’ Stock Analysis page.
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