The first quarter of 2024 continued on the positive trend for HBC. Sales revenues came in at NOK 52m vs NOK 44m last year, a growth of 17 % YoY. The underlying growth we are seeing is coming from both.
Experts have warned that the ongoing attacks on shipping vessels by the Iran-backed militant group the Houthis in the Red Sea will have ramifications on the economies of several countries around the world. The U.S. has designated the Houthis as a global terrorist organization amid rising regional tensions and consistent deployment of missiles and drones against each other since the war in Gaza broke out. Ian Ralby, the CEO of I.R. Consilium and who has followed maritime issues, spoke with ABC News' Linsey Davis Wednesday about the situation as the U.S. and Western allies strike back against the group.
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