Directa’s FY20 prelims confirm a year of strong of progress despite the challenges of COVID. Total income of €6.8m and an EBITDA loss of €2.6m are both slightly better than our forecasts and we upgrade FY21 revenue expectations (from €7.5m to €8.2m) to reflect a positive start to FY21; revenue in the first four months increased by 49% year on year. Future prospects look bright with exciting new opportunities emerging in high-potential application areas, notably Lithium-Sulphur batteries.
17 May 2021
Positive FY20 outturn; bright prospects for FY21
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Positive FY20 outturn; bright prospects for FY21
Directa Plus Plc (DCTA:LON) | 18.7 -0.1 (-2.6%) | Mkt Cap: 12.4m
- Published:
17 May 2021 -
Author:
James Tetley -
Pages:
3
Directa’s FY20 prelims confirm a year of strong of progress despite the challenges of COVID. Total income of €6.8m and an EBITDA loss of €2.6m are both slightly better than our forecasts and we upgrade FY21 revenue expectations (from €7.5m to €8.2m) to reflect a positive start to FY21; revenue in the first four months increased by 49% year on year. Future prospects look bright with exciting new opportunities emerging in high-potential application areas, notably Lithium-Sulphur batteries.