The Group made strategic progress in the first four months of FY20E. It secured contract renewals, new business wins and aerospace qualifications. However, COIVD-19 headwinds impacted full year financial performance. This impact was mitigated to an extent by management swiftly implementing a strict cost reduction programme, ensuring robust cash management. We believe the Group is well positioned with a reduced cost base, a strong customer portfolio and a financially attractive business offering ....
17 Nov 2020
Cenkos: Velocity Composites Plc -- Light at the end of the tunnel
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Cenkos: Velocity Composites Plc -- Light at the end of the tunnel
Velocity Composites Plc (VEL:LON) | 30.5 0 0.0% | Mkt Cap: 16.3m
- Published:
17 Nov 2020 -
Author:
Cavendish Research -
Pages:
6
The Group made strategic progress in the first four months of FY20E. It secured contract renewals, new business wins and aerospace qualifications. However, COIVD-19 headwinds impacted full year financial performance. This impact was mitigated to an extent by management swiftly implementing a strict cost reduction programme, ensuring robust cash management. We believe the Group is well positioned with a reduced cost base, a strong customer portfolio and a financially attractive business offering ....