Johnson Electric Holdings (HK:0179) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts and uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.
For further insights into HK:0179 stock, check out TipRanks’ Stock Analysis page.
