Strix Group Navigates Challenges with Strategic Growth Plans

Strix Group (GB:KETL) has released an update.

Strix Group reports a challenging trading environment in its key markets, with macroeconomic pressures impacting demand in the UK, Germany, and the US. Despite these challenges, Strix is expanding its product offerings and making strategic investments to maintain its market position, with new launches and growth anticipated in less regulated markets and divisions like Billi showing strong performance. The company expects an adjusted profit before tax of £18m to £19m for FY24 and plans to reinstate the final dividend in 2025, underscoring confidence in its long-term growth strategy.

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