FireAngel’s trading update states it expects to report for FY2018 an adjusted operating loss of £2.0m on sales of £37.6m (vs SSL’s £1.4m and £38.0m forecasts respectively). The reported PBT will be after a £3.6m exceptional charge. Net debt of £4.7m was in line with our forecast. While we have maintained our sales forecasts for FY2019 and FY2020, we have reduced our adjusted profit FY2019 forecast by c. £1.0m but kept our FY2020 forecast i
31 Jan 2019
Shorter term more pain, longer term gain
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Shorter term more pain, longer term gain
FireAngel Safety Technology Group plc (FA:LON) | 4.2 0 0.0% | Mkt Cap: 12.8m
- Published:
31 Jan 2019 -
Author:
Robert Sanders -
Pages:
2
FireAngel’s trading update states it expects to report for FY2018 an adjusted operating loss of £2.0m on sales of £37.6m (vs SSL’s £1.4m and £38.0m forecasts respectively). The reported PBT will be after a £3.6m exceptional charge. Net debt of £4.7m was in line with our forecast. While we have maintained our sales forecasts for FY2019 and FY2020, we have reduced our adjusted profit FY2019 forecast by c. £1.0m but kept our FY2020 forecast i