The FireAngel Safety Technology Group (FA) has issued a trading update for the six months ended 30 June 2018. H1 revenues are now expected to be c.£17.7m (H1 2017: £26.0) vs our full year FY2018 forecast of £48m. Management expects an H1 operating loss of £1.8m (H1 2017: £1.5m), in line with management’s expectations. For FY2018 management now expects results to be below expectations, delivering a loss of c.£0.5m vs our forecast of £2.8m operating profit. We have suspended our forecasts, TP and ....
06 Aug 2018
Trading update – forecasts suspended
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Trading update – forecasts suspended
FireAngel Safety Technology Group plc (FA:LON) | 4.2 0 0.0% | Mkt Cap: 12.8m
- Published:
06 Aug 2018 -
Author:
Robert Sanders -
Pages:
2
The FireAngel Safety Technology Group (FA) has issued a trading update for the six months ended 30 June 2018. H1 revenues are now expected to be c.£17.7m (H1 2017: £26.0) vs our full year FY2018 forecast of £48m. Management expects an H1 operating loss of £1.8m (H1 2017: £1.5m), in line with management’s expectations. For FY2018 management now expects results to be below expectations, delivering a loss of c.£0.5m vs our forecast of £2.8m operating profit. We have suspended our forecasts, TP and ....