15 August 2024
15 August 2024
Nexteer reported first half 2024 revenue of US$2.1bn, flat when compared with H1 2023.
Adjusted EBITDA of $197m or 9.4% of revenue improved by $11m.
Net profit plunged to $16m, a reduction of $18m, though H1 2023 included a one off income tax gain of $11m.
Avoids steep US import tariffs applying to China-made BEVs
Project will create 200 new jobs by 2027
To include 3,000 charging points at European locations
Deal valued the mining company at US$370m
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