Safestyle’s half year trading update indicates that the performance of the business is on track to meet expectations with the order book continuing to build as Phase Two of the turnaround plan progresses. Revenue is 6.4% higher yoy in H1 with a run rate in May and June of 15%. ZC expect this to build to above 20% during H2 as the steepest months of decline last year are annualised. As expected, H119 will show a small loss with profitability returning in H2 resulting in a profit for FY19
26 Jul 2019
Trading in line; no change to forecasts
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Trading in line; no change to forecasts
- Published:
26 Jul 2019 -
Author:
Andy Hanson -
Pages:
6
Safestyle’s half year trading update indicates that the performance of the business is on track to meet expectations with the order book continuing to build as Phase Two of the turnaround plan progresses. Revenue is 6.4% higher yoy in H1 with a run rate in May and June of 15%. ZC expect this to build to above 20% during H2 as the steepest months of decline last year are annualised. As expected, H119 will show a small loss with profitability returning in H2 resulting in a profit for FY19