GCIDowlais Group – Resilient performance in a soft automotive market
Automotive components - LSE - Mcap: £683m - Price: 48p - Flash
DOWLAIS GROUP
RESILIENT PERFORMANCE IN A SOFT AUTOMOTIVE MARKET
Management action to reduce costs and drive commercial actions has enabled Dowlais Group to protect margins despite lower revenues from the weaker automotive market. Hence, management expectations for FY24 are confirmed. This should improve investor confidence and reduce the clear valuation gap.
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