Water Intelligence has published a trading update for 1Q22 which confirms continuing strong growth in sales and EBITDA however, statutory profit before tax (PBT) fell YoY, weighed down by one off costs, mainly reflecting investment to accelerate growth ahead of an anticipated much busier 2Q22 and 3Q22. We continue to expect Water Intelligence to generate high rates of profitable growth, which is consistent with the disclosed investment in 1Q22 but the rating is likely to be sensitive to any conc ....
09 May 2022
Water Intelligence - 1Q22 update – investment weighs on profits
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Water Intelligence - 1Q22 update – investment weighs on profits
Water Intelligence plc (WATR:LON) | 318 0 0.0% | Mkt Cap: 55.3m
- Published:
09 May 2022 -
Author:
Colin Smith -
Pages:
2
Water Intelligence has published a trading update for 1Q22 which confirms continuing strong growth in sales and EBITDA however, statutory profit before tax (PBT) fell YoY, weighed down by one off costs, mainly reflecting investment to accelerate growth ahead of an anticipated much busier 2Q22 and 3Q22. We continue to expect Water Intelligence to generate high rates of profitable growth, which is consistent with the disclosed investment in 1Q22 but the rating is likely to be sensitive to any conc ....