Morgan Advanced Materials (GB:MGAM) has released an update.
Morgan Advanced Materials has reported a 3.8% rise in sales for the first nine months of 2024, despite facing a challenging market environment. The company is expanding its simplification program to achieve further cost reductions and is initiating a £40m share buy-back program to enhance shareholder returns. With a strong balance sheet, Morgan Advanced Materials aims to capitalize on opportunities in recovering markets.
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