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Positive Start to the Year

Dowlais Group plc is a British company operating in the automotive and powder metallurgy industries. Management set out its strategy when the company listed in April. The trading update confirms that it is on track. Volume and top-line growth, as reported, are expected to provide leverage over the restructured cost base and drive margin expansion (target 11%+ pre-central costs), to generate strong earnings growth and demonstrate the quality of the operations.

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