Korado - Potential for sustainable growth - 2023

During the TTM, the Company posted a notable decline in both the top and bottom lines, due to a fierce competition from non-EU producers, and a weak market caused by construction uncertenties. The performance drop, along with the recently announced dividend cuts, resulted in a significant stock price squeeze. However, Korado is likely to derive huge mid to long-term benefits from the politically driven sustainability agenda, as the Company recently introduced a new product line crafted to work on heat pump-powered heating.