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HERIGE Industries Reports Revenue Decline and Strategic Refocusing Amid Challenging Market

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HERIGE Industries Reports Revenue Decline and Strategic Refocusing Amid Challenging Market

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The latest announcement is out from HERIGE SA ( (FR:ALHRG) ).

HERIGE Industries reported a revenue decline of 11.9% for 2024, largely due to a weakened construction market and economic uncertainty affecting its main sectors. The company continues its strategic refocusing with the sale of VM Guadeloupe, aiming to streamline operations and improve organizational efficiency to mitigate the impacts of the challenging market conditions.

More about HERIGE SA

HERIGE Industries is a multi-regional group originating from Vendée, focused on the building sector through its primary activities in the Concrete Industry and Industrial Carpentry. With over 1,800 employees, the company operates in Mainland France, Canada, and overseas and is listed on Euronext Growth.

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €69.49M

See more insights into ALHRG stock on TipRanks’ Stock Analysis page.

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