UK's Goodwin rises on high forward order book, debt reduction

Goodwin

19/03/2025 08:34

** Shares of mechanical engineering company Goodwin GDWN.L rise as much as 9% to 7,500p

** Stock is among top gainers on FTSE mid-cap index .FTMC

** Group's forward order book reached a new record of 300 mln pounds ($389 mln) as of February end

** Co has successfully cut down net debt by a further 10 mln pounds driven by reduced capex and improved profitability

** GDWN remains on track to deliver H2 profits comparable to those of H1 for this year

** Stock down ~12.47% YTD

($1 = 0.77 pounds)

 (Reporting by Rishab Shaju in Bengaluru)

 ((Rishab.shaju@thomsonreuters.com))