Elektron Technology delivered an exceptional performance in Q3, with strong sales growth from all three businesses and a significant increase in margin. Consequently management now anticipates FY19 results significantly ahead of previous market expectations. We have increased our forecasts for adjusted PBT by 58% to £4.4m for FY19 and by 34% to £5.9m for FY20, along with an increase in year end net cash from £8.4m to £9.5m. We continue to value Elektron Technology on a sum-of-parts basis, as we ....
01 Nov 2018
Forecasts upgraded following very strong Q3
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Forecasts upgraded following very strong Q3
Checkit plc (CKT:LON) | 22.0 0 0.0% | Mkt Cap: 23.8m
- Published:
01 Nov 2018 -
Author:
Jo Reedman -
Pages:
3
Elektron Technology delivered an exceptional performance in Q3, with strong sales growth from all three businesses and a significant increase in margin. Consequently management now anticipates FY19 results significantly ahead of previous market expectations. We have increased our forecasts for adjusted PBT by 58% to £4.4m for FY19 and by 34% to £5.9m for FY20, along with an increase in year end net cash from £8.4m to £9.5m. We continue to value Elektron Technology on a sum-of-parts basis, as we ....