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Hexatronic Group AB ( (SE:HTRO) ) has issued an announcement.
Hexatronic Group AB has announced a performance improvement program for its Fiber Solutions business, focusing on plant consolidation in Europe and expanding its commercial footprint in transport networks and submarine cables. The initiative includes closing a site in the Netherlands, reducing 120 employees, and is expected to save SEK 122 million annually. The company aims to strengthen its presence in the US and Canada and has postponed fiber optic cable manufacturing in South Carolina to focus on core production. New financial targets have been set for 2028, reflecting ambitions to accelerate growth in Harsh Environment and Data Center segments, aiming for these areas to account for half of global sales.
The most recent analyst rating on (SE:HTRO) stock is a Hold with a SEK24.50 price target. To see the full list of analyst forecasts on Hexatronic Group AB stock, see the SE:HTRO Stock Forecast page.
More about Hexatronic Group AB
Hexatronic Group AB, founded in Sweden in 1993 and listed on Nasdaq Stockholm, specializes in creating sustainable fiber technology networks globally. The company partners with telecom operators and network owners across four continents, offering high-quality fiber solutions under global brands like Viper, Stingray, Raptor, InOne, and Wistom®.
Average Trading Volume: 1,802,200
Technical Sentiment Signal: Sell
Current Market Cap: SEK4.4B
See more data about HTRO stock on TipRanks’ Stock Analysis page.