The technology group reported a 7% increase in revenues and a 6% rise in operating profit for the first quarter. The company maintained a strong financial position with growing cash reserves.
The technology group has secured a significant contract worth around €1.0 million from a long-term customer in Italy for its Mottech water control and management division. The contract is the first phase of a larger project, indicating potential for further revenue opportunities.
The technology group has increased its ownership of subsidiary P.S.K Wind Technologies via a new equity investment, as it sees strong potential for the business.
The technology group has secured a £0.8m contract to construct and deliver a test range shelter for a defence application, highlighting the company's expertise in this sector.
The technology group has been nominated for the 'Dividend Hero of the Year' award and its CEO for the 'Executive Director of the Year' award.
The technology group has secured a three-year contract extension worth approximately $1.5 million with one of the largest municipalities in Israel for its Mottech water solutions subsidiary.
The technology group will host an investor presentation on its 2024 full-year results on 19 March 2025.
The technology group has secured a major repeat order worth around US$4m from an Israeli system house for the manufacture of military antennas, demonstrating its ability to deliver innovative solutions to defence clients.
The technology group announces shareholder meetings to approve board re-elections, updated remuneration policy, and management agreement extensions.