Hunyvers (FR:ALHUN) has released an update.
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Hunyvers reported a 15.9% increase in turnover for the fiscal year 2023-2024, driven by strong performance in the VDL and Nautical branches, with the latter almost quintupling its turnover due to acquisitions. Despite challenging conditions, the company anticipates a significant rebound in operating margin in H2, expected to exceed 5.5%. Looking ahead to 2024-2025, Hunyvers projects double-digit turnover growth and an improved operating margin, albeit below initial targets.
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