Orège has announced a substantial rights issue (1.8x market cap) to strengthen its balance sheet and accelerate commercial development. The trading update shows a significant ramp-up in orders in H1 and our FY19 revenue forecast (2.8x FY18 sales) appears achievable.
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Orège - €49m capital increase announced
Orège has announced a substantial rights issue (1.8x market cap) to strengthen its balance sheet and accelerate commercial development. The trading update shows a significant ramp-up in orders in H1 and our FY19 revenue forecast (2.8x FY18 sales) appears achievable.