LTHMs provided a trading update with record revenue expectations of over £370m for the year, vs. £250m in F2021. However, as costs continue to rise volumes and gross margin are starting to normalise. Overheads are facing inflationary pressures but management is known for its close monitoring and controls. We still expect EBITDA to be unusually high for F2022E given the early boost to the year with H1F22 EBITDA of £36.1m
29 Mar 2022
SP Angel Spec Sits: Trading Update in Unique Markets (LTHM)
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SP Angel Spec Sits: Trading Update in Unique Markets (LTHM)
James Latham Plc (LTHM:LON) | 1,120 -56 (-0.4%) | Mkt Cap: 225.8m
- Published:
29 Mar 2022 -
Author:
Tania Maciver -
Pages:
4
LTHMs provided a trading update with record revenue expectations of over £370m for the year, vs. £250m in F2021. However, as costs continue to rise volumes and gross margin are starting to normalise. Overheads are facing inflationary pressures but management is known for its close monitoring and controls. We still expect EBITDA to be unusually high for F2022E given the early boost to the year with H1F22 EBITDA of £36.1m