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Wagners Holding Co. Ltd. ( (AU:WGN) ) has issued an announcement.
Wagners Holding Co. Ltd. announced a capital raising of approximately A$30 million through an institutional placement to fund growth strategies in Construction Materials and Composite Fibre Technologies. The company’s FY25 financial performance showed increased revenue in these sectors and improved EBIT margins due to better market conditions and operational efficiencies. Looking forward, Wagners is poised to leverage its strong asset base, diverse market exposure, and innovative capabilities to capitalize on global infrastructure demand, ensuring supply security and margin control while maintaining flexibility for domestic and international expansion.
The most recent analyst rating on (AU:WGN) stock is a Buy with a A$2.75 price target. To see the full list of analyst forecasts on Wagners Holding Co. Ltd. stock, see the AU:WGN Stock Forecast page.
More about Wagners Holding Co. Ltd.
Wagners Holding Co. Ltd. operates in the construction materials industry, focusing on products such as Construction Materials and Composite Fibre Technologies. The company is strategically positioned in the market with a strong asset base and diverse customer exposure, primarily in Queensland, with opportunities for selective expansion.
YTD Price Performance: 94.16%
Average Trading Volume: 250,567
Technical Sentiment Signal: Buy
Current Market Cap: A$500.6M
See more data about WGN stock on TipRanks’ Stock Analysis page.