SYM has made significant commercial progress in recent months, announcing two major orders for the d2p product. That said, as reported today in a pre-close update, H1 revenue was £3m against £4.9m in H121a. Revenue was hit by short-term logistics disruption, reduced glove sales and some deliberate slowing of d2w order intake to accommodate a switch to local manufacturing in the key Middle East market. These issues are now largely resolved and with a strong pipeline, particularly for d2p product, ....

01 Aug 2022
Symphony Environmental (SYM LN) - Good commercial progress, placing raises £1m
Symphony Environmental Technologies plc (SYM:LON) | 12.0 0 0.0% | Mkt Cap: 22.2m
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Robin Byde
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11 pages
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Symphony Environmental (SYM LN) - Good commercial progress, placing raises £1m
Symphony Environmental Technologies plc (SYM:LON) | 12.0 0 0.0% | Mkt Cap: 22.2m
- Published:
01 Aug 2022 -
Author:
Robin Byde -
Pages:
11 -
SYM has made significant commercial progress in recent months, announcing two major orders for the d2p product. That said, as reported today in a pre-close update, H1 revenue was £3m against £4.9m in H121a. Revenue was hit by short-term logistics disruption, reduced glove sales and some deliberate slowing of d2w order intake to accommodate a switch to local manufacturing in the key Middle East market. These issues are now largely resolved and with a strong pipeline, particularly for d2p product, ....