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An announcement from Johnson Electric Holdings ( (HK:0179) ) is now available.
Johnson Electric reported a 5% decrease in sales for the nine months ending December 2024, with revenue impacted by unfavorable exchange rates and declining light vehicle production affecting the Automotive Products Group. The Industry Products Group also faced a 7% sales decline due to weak consumer demand and increased price competition. Despite these challenges, there were regional variances in performance and some growth in Asia-Pacific. The company anticipates continued economic challenges and is focusing on cost control and maintaining a conservative balance sheet to navigate uncertain market conditions.
More about Johnson Electric Holdings
Johnson Electric Holdings Limited operates in the automotive and industrial sectors, specializing in the production of automotive products and industry products. The company’s primary market focus includes automotive components such as oil pumps, steering products, and powder metal components, as well as industry products catering to a range of consumer and industrial applications.
YTD Price Performance: -2.45%
Average Trading Volume: 7,803
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.29B
See more data about 0179 stock on TipRanks’ Stock Analysis page.
