Bagir has reported flat H1 EBITDA, in line with expectations at $0.8m, and $7.0m net cash. There have been no further delays to production line timetables since revising guidance in July. Trading and execution has progressed in line with expectations since then and management has reiterated its confidence in the strategic plan. Its approach to marketing, new customer wins, innovation and market leading production costs (incl. Ethiopia) are on track, albeit there is risk of orders slipping into Q ....
13 Sep 2017
N+1 Singer - Bagir Group - Strategy on track, no further production line delays
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
N+1 Singer - Bagir Group - Strategy on track, no further production line delays
Bagir has reported flat H1 EBITDA, in line with expectations at $0.8m, and $7.0m net cash. There have been no further delays to production line timetables since revising guidance in July. Trading and execution has progressed in line with expectations since then and management has reiterated its confidence in the strategic plan. Its approach to marketing, new customer wins, innovation and market leading production costs (incl. Ethiopia) are on track, albeit there is risk of orders slipping into Q ....