Business
FERRO: Net sales fell sharply year-over-year, but battery growth and new capital support future prospects
FERRO: Net sales fell sharply year-over-year, but battery growth and new capital support future prospects
About this update from Ferroamp Ab
Q2 2024 saw net sales drop 67% year-over-year but rise 44% from Q1, with battery sales up 29%. Cost savings and a 39 MSEK share issue helped offset weak solar demand and high inventory, while long-term prospects remain positive.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.