H1 results are exceptional, as MTEC has achieved sector leading organic sales growth of 131% y/y to £11.7m, in line with a previous update, while booking are stronger still at £26.5m +148% y/y, driven by a combination of new wins and material expansions. Furthermore this strong progress has continued into H2 following a record c.£19m win with NHS Digital (also announced today). Consequently MTEC’s current backlog is likely even stronger than reported (£31.3m ~+170% y/y) thus providing strong vis ....

28 Feb 2022
Exceptional bookings, resourcing holding back

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Exceptional bookings, resourcing holding back
Made Tech Group PLC (MTEC:LON) | 17.8 0 0.0% | Mkt Cap: 26.5m
- Published:
28 Feb 2022 -
Author:
Harold Evans -
Pages:
3 -
H1 results are exceptional, as MTEC has achieved sector leading organic sales growth of 131% y/y to £11.7m, in line with a previous update, while booking are stronger still at £26.5m +148% y/y, driven by a combination of new wins and material expansions. Furthermore this strong progress has continued into H2 following a record c.£19m win with NHS Digital (also announced today). Consequently MTEC’s current backlog is likely even stronger than reported (£31.3m ~+170% y/y) thus providing strong vis ....