SDI released interim results showing mixed trading in challenging markets. As anticipated, the completion of the exceptional Covid-related camera orders resulted in a reduction at Digital Imaging, offset by Sensors & Controls revenue growth of 40%. Some customer destocking is being seen as well as softer markets in China and Germany. As a result, the outlook points to FY24E adj PBT of between £7.9m-8.4m. This leads us to downgrade our Adj PBT by 18% to £7.9m, with a reduction in adj EPS of 19% t ....

07 Dec 2023
SDI Group - Interims – Some destocking seen – FY24E EPS reduced by 19%

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SDI Group - Interims – Some destocking seen – FY24E EPS reduced by 19%
SDI Group plc (SDI:LON) | 94.0 1.4 1.6% | Mkt Cap: 98.3m
- Published:
07 Dec 2023 -
Author:
David Buxton -
Pages:
12 -
SDI released interim results showing mixed trading in challenging markets. As anticipated, the completion of the exceptional Covid-related camera orders resulted in a reduction at Digital Imaging, offset by Sensors & Controls revenue growth of 40%. Some customer destocking is being seen as well as softer markets in China and Germany. As a result, the outlook points to FY24E adj PBT of between £7.9m-8.4m. This leads us to downgrade our Adj PBT by 18% to £7.9m, with a reduction in adj EPS of 19% t ....