Rana Gruber AS (DE:7XH) has released an update.
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Rana Gruber AS reported a strong second quarter in 2024 with record high sales volume of Hematite, a successful maintenance stop, and a net result of NOK 121 million. Despite increased cash costs and challenging times forecasted for the European steel industry, the company remains competitive with a focus on operational optimization and a consistent dividend payout, marking the fourteenth consecutive quarter with dividends at NOK 82.7 million. CEO Gunnar Moe emphasizes the company’s strategic alignment with the steel industry’s move towards sustainability and Rana Gruber’s diversified customer base as strengths.
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