Profit and revenue in H1 are in line with FY19 market expectations. ZC forecast £18.6m PBT, a yoy increase of 7.6%. Revenue in H1 of £140.0m is in line with H118 and importantly is ahead on a like for like basis, against a market that has continued to be weak, as is profit before tax. The £8.0m cash inflow from the sale and leaseback of the new site in Telford reduces net debt to just £17.2m (0.6x FY19 EBITDA). Post this reduction in net debt, the EV/EBITDA multiple fa
08 Aug 2019
Good trading performance and the balance sheet is strengthened further
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Good trading performance and the balance sheet is strengthened further
Epwin Group PLC (EPWN:LON) | 86.5 0.4 0.6% | Mkt Cap: 123.3m
- Published:
08 Aug 2019 -
Author:
Andy Hanson -
Pages:
9
Profit and revenue in H1 are in line with FY19 market expectations. ZC forecast £18.6m PBT, a yoy increase of 7.6%. Revenue in H1 of £140.0m is in line with H118 and importantly is ahead on a like for like basis, against a market that has continued to be weak, as is profit before tax. The £8.0m cash inflow from the sale and leaseback of the new site in Telford reduces net debt to just £17.2m (0.6x FY19 EBITDA). Post this reduction in net debt, the EV/EBITDA multiple fa