Symphony Environmental Technologies announced on 29 September 2022 its guidance for a minimum annualised run-rate revenue of £14m between 4Q22 and 1H23. As the British pound now looks to be persistently weak, we are thus increasing our 2023 revenue forecasts by 6% to reflect the currency tailwind. We are also revising upward our margin assumption given pricing power of d2p and raw material cost decline from the high levels in 2021 and 1H22. Our revised 2023 forecasts yield a net profit of £1,155 ....
11 Oct 2022
Hybridan Research: 11/10/2022: Symphony Environmental Technologies plc: Beneficiary of global demand momentum
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Hybridan Research: 11/10/2022: Symphony Environmental Technologies plc: Beneficiary of global demand momentum
Symphony Environmental Technologies plc (SYM:LON) | 3.2 0 0.0% | Mkt Cap: 6.01m
- Published:
11 Oct 2022 -
Author:
Emily Liu -
Pages:
10
Symphony Environmental Technologies announced on 29 September 2022 its guidance for a minimum annualised run-rate revenue of £14m between 4Q22 and 1H23. As the British pound now looks to be persistently weak, we are thus increasing our 2023 revenue forecasts by 6% to reflect the currency tailwind. We are also revising upward our margin assumption given pricing power of d2p and raw material cost decline from the high levels in 2021 and 1H22. Our revised 2023 forecasts yield a net profit of £1,155 ....