Ferroamp AbOMXSTO: FERRO

FERRO: Net sales fell sharply year-over-year, but battery growth and new capital support future prospects

· Issued by 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.

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