The Group made strategic progress in FY20A despite the onset of COVID-19. Management acted swiftly implementing a strict cost reduction programme, ensuring robust cash management. This combined with strengthening the Board and management teams, exploring new revenue streams and investing in technology to drive efficiency gains has positioned the Group to overcome short-term demand fluctuation. We are confident the Group will capitalise on the operational gearing within the business as demand lev ....
26 Jan 2021
Cenkos: Velocity Composites Plc -- Operationally geared
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Cenkos: Velocity Composites Plc -- Operationally geared
Velocity Composites Plc (VEL:LON) | 31.0 0 0.0% | Mkt Cap: 16.6m
- Published:
26 Jan 2021 -
Author:
Cavendish Research -
Pages:
6
The Group made strategic progress in FY20A despite the onset of COVID-19. Management acted swiftly implementing a strict cost reduction programme, ensuring robust cash management. This combined with strengthening the Board and management teams, exploring new revenue streams and investing in technology to drive efficiency gains has positioned the Group to overcome short-term demand fluctuation. We are confident the Group will capitalise on the operational gearing within the business as demand lev ....