Hunting PLC Announces Major Restructuring of EMEA Operations

Hunting ( (GB:HTG) ) has provided an update.

Hunting PLC has announced a major restructuring of its EMEA operating segment, prompted by a review of its European operations and UK government energy strategies. The restructuring will align Hunting’s cost base with the region’s medium-term outlook amid changes in market and trading conditions, aiming for cost savings of up to $10 million.

More about Hunting

Hunting PLC is a global precision engineering group that provides precision-manufactured equipment and premium services, adding value for customers. Established in 1874 and listed on the London Stock Exchange, the company operates across five segments, including North America, Europe, Middle East and Africa (EMEA), and Asia Pacific, with a focus on product groups such as OCTG and Subsea Technologies.

YTD Price Performance: 6.23%

Average Trading Volume: 442,163

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £497.7M

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