Strix Group (GB:KETL) has released an update.
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Strix Group Plc reports encouraging signs of recovery in the Kettle Controls market as they approach the peak season, with their year-to-date cash generation surpassing expectations and profit before tax for the full year 2024 predicted to align with market forecasts. The company has also successfully executed a 5% Equity Placing, accelerating its net debt leverage reduction and paving the way for refinancing plans to support long-term growth and investment in new technologies. Strix continues to focus on restructuring initiatives to enhance profitability, efficiency, and sustainable cost management, aiming to maintain a healthy leverage range in the medium term.
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