Small initial purchase away from the usual suspects. Continues in the monthly savings plan.
$ACLN develops, produces and maintains turbochargers, injection nozzles and digital solutions that make engines more powerful and efficient. In addition to efficiency, the company also focuses on decarbonization and the use of hydrogen, methanol and ammonia as fuels.
Customers come from the shipping (marine engines), energy supply (hospitals, data centers, base load power plants), oil/gas industry (compression) and railroad sectors. Sales are generated 36% in Europe, 40% in Asia and the Middle East and 24% in the Americas.
The forecast for the full year 2024 was raised in July. Sales growth of 9-12% and a margin of 25% are expected. Full-year figures will be published in March. Dividend yield currently a staggering 2%