Dowlais Group’s positive trading update, with growth ahead of the market and continued margin expansion, provides another marker in delivering on the stated strategy. Management intends to drive profitable growth through the EV transition and expand the underlying operating margin to 11% (FY22: 6.6%). Delivery on these targets will highlight the quality of the operations and valuation discrepancy.
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09 Nov 2023
Dowlais Group - Firmly on track despite the UAW strike headwinds
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Dowlais Group - Firmly on track despite the UAW strike headwinds
Dowlais Group PLC (DWL:LON) | 73.8 -0.3 (-0.6%) | Mkt Cap: 1,021m
- Published:
09 Nov 2023 -
Author:
David Larkam -
Pages:
2 -
Dowlais Group’s positive trading update, with growth ahead of the market and continued margin expansion, provides another marker in delivering on the stated strategy. Management intends to drive profitable growth through the EV transition and expand the underlying operating margin to 11% (FY22: 6.6%). Delivery on these targets will highlight the quality of the operations and valuation discrepancy.