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Duroc AB Class B ( ($SE:DURC.B) ) just unveiled an announcement.
Duroc is accelerating its portfolio transformation with the acquisition of four companies – Polyproject Environment, Thors Trading, Hydrostandard Mätteknik Nordic and UK-based Optyma Security Solutions – adding SEK 240 million in annual sales, SEK 25 million in adjusted operating profit and 132 employees for a cash- and debt-free purchase price of SEK 121 million. Financed with a market-based loan and expected to keep group net debt at a low level, the deal replaces underperforming polymer assets with well-managed, profitable businesses in water and air purification, equestrian and motorsport products, metering services and security solutions, underscoring Duroc’s strategy to rebalance its portfolio toward stable, earnings-accretive units and reshape the group’s future profile.
The most recent analyst rating on ($SE:DURC.B) stock is a Hold with a SEK17.00 price target. To see the full list of analyst forecasts on Duroc AB Class B stock, see the SE:DURC.B Stock Forecast page.
More about Duroc AB Class B
Duroc AB is a Stockholm-listed industrial group that acquires, develops and manages companies in industry and trade, leveraging deep technology and market expertise to build strong positions in their respective niches. The company acts as an active owner, focusing on long-term value creation across its portfolio and is traded on Nasdaq Stockholm under the ticker DURC.
Average Trading Volume: 6,268
Technical Sentiment Signal: Sell
Current Market Cap: SEK680.6M
For a thorough assessment of DURC.B stock, go to TipRanks’ Stock Analysis page.