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Maggie Beer Holdings Ltd. ( (AU:MBH) ) has issued an announcement.
Maggie Beer Holdings Ltd reported a 5.8% increase in top-line growth for the first half of FY25, driven by strong sales momentum in its hamper and gourmet food product lines. The company is targeting up to $4 million in annualized cost savings through operational simplifications and improved margin management, aiming to enhance profitability while maintaining revenue growth. Despite a decline in EBITDA, the company is focusing on cost reductions and strategic restructuring to strengthen its financial position.
More about Maggie Beer Holdings Ltd.
Maggie Beer Holdings Ltd is a company operating in the food and beverage industry, known for its premium products including hampers and gourmet food items. The company focuses on e-commerce and has a strong presence in the South Australian market.
YTD Price Performance: -1.67%
Average Trading Volume: 256,099
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$20.9M
Learn more about MBH stock on TipRanks’ Stock Analysis page.