Weaker global automotive production in 2024 is proving a challenge for Dowlais Group. Benefits from the restructuring programme and market recovery in 2025/26 should still see target double-digit margins achieved, driving earnings and cash generation. More important in the short term is the announced strategic review of Powder Metallurgy (PM). This could offer a step change in the market’s appreciation of the value of the company’s portfolio of assets.

19 Aug 2024
Dowlais Group - Powder Metallurgy in the spotlight

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Dowlais Group - Powder Metallurgy in the spotlight
Dowlais Group PLC (DWL:LON) | 66.8 -0.1 (-0.3%) | Mkt Cap: 898.5m
- Published:
19 Aug 2024 -
Author:
David Larkam -
Pages:
7 -
Weaker global automotive production in 2024 is proving a challenge for Dowlais Group. Benefits from the restructuring programme and market recovery in 2025/26 should still see target double-digit margins achieved, driving earnings and cash generation. More important in the short term is the announced strategic review of Powder Metallurgy (PM). This could offer a step change in the market’s appreciation of the value of the company’s portfolio of assets.