Johnson Electric Holdings (HK:0179) has released an update.
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Johnson Electric Holdings Limited reported a slight 2% decrease in sales for the first quarter of FY 24/25, with currency fluctuations unfavorably impacting the figures. The Automotive Products Group’s sales remained steady, seeing a 1% increase excluding currency effects, while the Industry Products Group faced a 10% decrease amid challenging market conditions. The company emphasized resilience in its automotive sector and proactive management in its industrial products division amidst a cautious consumer spending environment.
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