The software developer of advanced security and surveillance systems today announced a trading update for the year ended 31 December 2020. It has been well flagged previously that 2020 was a challenging year, particularly in respect of orders for eyeTrain technology to be fitted to new build trains. Whilst Petards expects a revenue reduction to £13m (2019: £15.7m), it expects a slightly improved result compared with the prior year at the adjusted EBITDA level (2019: £0.3m loss).
11 Feb 2021
Strong balance sheet, solid performance by acquisitions, & product diversification sewing the seeds of recovery.
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Strong balance sheet, solid performance by acquisitions, & product diversification sewing the seeds of recovery.
Petards Group plc (PEG:LON) | 7.8 0 0.0% | Mkt Cap: 4.38m
- Published:
11 Feb 2021 -
Author:
Derren Nathan -
Pages:
8
The software developer of advanced security and surveillance systems today announced a trading update for the year ended 31 December 2020. It has been well flagged previously that 2020 was a challenging year, particularly in respect of orders for eyeTrain technology to be fitted to new build trains. Whilst Petards expects a revenue reduction to £13m (2019: £15.7m), it expects a slightly improved result compared with the prior year at the adjusted EBITDA level (2019: £0.3m loss).