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LPA Group plc ( (GB:LPA) ) has shared an update.
LPA Group plc reported its financial results for the year ending September 30, 2024, revealing a reduction in order book and order entry, alongside an increased revenue. The company faced a loss before tax of £0.6m, driven by contract delays, though it achieved significant operational milestones, including the acquisition of Red Box International and the integration of a new ERP system. Despite financial challenges, LPA Group is optimistic about future growth, with strategic acquisitions, a focus on product-based business models, and an aim to increase operating performance and re-establish dividend distributions in the coming years. The new CEO, Dr. Philo Daniel-Tran, is expected to drive further market penetration and strengthen global customer relationships.
More about LPA Group plc
LPA Group plc is an innovation-led engineering specialist focused on electronic and electro-mechanical components and systems. It operates in the aviation, defense, and railway industries, offering products and services that include ground power equipment, electric componentry, and software solutions. The company is expanding its global market presence, with specific attention to the DACH market, and aims to enhance its distribution networks worldwide.
YTD Price Performance: -11.19%
Average Trading Volume: 11,842
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £7.86M
Find detailed analytics on LPA stock on TipRanks’ Stock Analysis page.
