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Hunting PLC's 2023 Trading Update
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Overview
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Hunting PLC, a precision engineering group, experienced strong revenue growth and doubled EBITDA in 2023, driven by its diverse product lines and solid sales order book. The company anticipates 2024 EBITDA growth and reported stable results in the North America segment despite declining US onshore rig count. Additionally, Hunting PLC completed the sale of its residual oil and gas production assets in the US.
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How did Hunting PLC manage to maintain stable results in the North America segment despite declining US onshore rig count?
What impact does the sale of residual oil and gas production assets in the US have on Hunting PLC's future growth prospects?
What strategies did Hunting PLC employ to achieve strong revenue growth in international markets?
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