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An update from Tekna Holding AS ( (DE:8VB) ) is now available.
Tekna reported a strong order intake in its Materials business for Q1 2025, despite geopolitical uncertainties and tariff-related challenges. The company saw a 73% increase in order intake compared to Q1 2024, driven by healthy end-market demand and strategic organizational restructuring. The appointment of new CEO Claude Jean is expected to enhance operational efficiency, and the company remains focused on capitalizing on reshoring trends and growing demand for advanced materials. Financially, Tekna experienced a slight decline in total revenue but improved its adjusted EBITDA significantly, reflecting a stronger product mix and cost reductions.
More about Tekna Holding AS
Tekna is a world-leading provider of advanced materials to industry, focusing on the development and supply of materials for various industrial applications. The company is known for its strong presence in the materials sector and is actively involved in reshoring trends and expanding applications for advanced materials.
Average Trading Volume: 59,897
Current Market Cap: NOK785.2M
For detailed information about 8VB stock, go to TipRanks’ Stock Analysis page.