OXO Technologies Holding Plc’s 2024 H1 stock exchange report has been published, which testifies to the company’s solid financial performance and the success of its strategy. Although profits were below the dynamic growth of previous years, the Company closed the first half of the year with a positive result. Measures to mitigate foreign exchange risks in the second half of the year are expected to help balance unrealized losses and improve the annual financial performance.
In the first half of the year, the Company achieved a profit after tax of EUR 112 130 million and its assets increased to EUR 16 898 million. These positive results provide a good basis for future dividend payments, which should increase shareholder value and further strengthen investor confidence.
The business strategy remains focused on self-sustainability, maintaining liquidity and seeking new investment opportunities. The Company will prioritize a focus on mature, profitable acquisition targets while maintaining its innovative early stage investments. Through the acquisition of 3TS Capital Partner, the Company aims to capitalize on new growth opportunities and become one of the leading investment groups in the region in the long term.
International expansion, the preparation of additional fundraising opportunities and the potential implementation of a dual listing could all contribute to the Company’s growth, providing shareholders with long-term value growth.
The 2024 Semi-Annual Report is available on our website: Financial Reports