Judges Scientific has released a positive FY2020 trading update this morning. Despite the malaise of Covid-19, and its knock-on impact to order intake (down 13% organically YoY), a healthier trading environment in the second half, a prevailing lower cost base through the year (reduced travel, sale and marketing expenditure), and aided by favourable exchange rates through the majority of the year (critical for an export led business), we uplift our FY2020E adjusted PBT and EPS estimates by 12.0% ....
07 Jan 2021
WHI First Light: Judges Scientific (JDG) - FY 2020E Trading Update – A stronger H2 = 12% upgrade
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WHI First Light: Judges Scientific (JDG) - FY 2020E Trading Update – A stronger H2 = 12% upgrade
Judges Scientific plc (JDG:LON) | 10,400 10400 1.0% | Mkt Cap: 688.3m
- Published:
07 Jan 2021 -
Author:
Matthew Davis -
Pages:
4
Judges Scientific has released a positive FY2020 trading update this morning. Despite the malaise of Covid-19, and its knock-on impact to order intake (down 13% organically YoY), a healthier trading environment in the second half, a prevailing lower cost base through the year (reduced travel, sale and marketing expenditure), and aided by favourable exchange rates through the majority of the year (critical for an export led business), we uplift our FY2020E adjusted PBT and EPS estimates by 12.0% ....