Caution amongst Getech’s client base caused by recent economic and political events have pushed several projects expected to commence in the current financial year into FY24. As a result, Getech expects annual sales for FY23 to be between £4.0-4.4m (Cavendish: c.£5.1m). However, whilst FY23 revenue levels will be below market expectations, demand for the Company’s services into FY24E and beyond is increasing. The Group’s orderbook currently stands at £3.7m (30 June 2023: £4.4m) of this, approxim ....
15 Dec 2023
Getech Group - Orderbook Remains Strong, Project Deferrals Push Sales Into 2024
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Getech Group - Orderbook Remains Strong, Project Deferrals Push Sales Into 2024
GETECH Group plc (GTC:LON) | 8.6 0 0.0% | Mkt Cap: 5.82m
- Published:
15 Dec 2023 -
Author:
James McCormack -
Pages:
5
Caution amongst Getech’s client base caused by recent economic and political events have pushed several projects expected to commence in the current financial year into FY24. As a result, Getech expects annual sales for FY23 to be between £4.0-4.4m (Cavendish: c.£5.1m). However, whilst FY23 revenue levels will be below market expectations, demand for the Company’s services into FY24E and beyond is increasing. The Group’s orderbook currently stands at £3.7m (30 June 2023: £4.4m) of this, approxim ....