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Companies >
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Aerospace >
Velocity Composites >
Research >
Interims: Stabilised trading and positive Wesco deal

  • 24 Jun 2019

Velocity Composites - Interims: Stabilised trading and positive Wesco deal


Velocity Composites | VEL | 35.5 0 0.0% | Mkt Cap: 12.8m


  • finnCap
    • David Buxton

    • 9 pages

Aerospace image


 
Aerospace image


Interim results confirm that the recovery in gross margin continues, while the recently announced collaboration agreement with Wesco provides evidence of commercial traction, with a new hub in the important North American aerospace market now being planned. This relationship has the potential to be game-changing for the company and its ability to scale up. Investment in new facilities is being stepped up. We retain our existing forecasts and 50p price target.


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