Strix has issued a trading update today following a disrupted period due to China’s continued Zero Covid policy approach and ongoing macro uncertainty. This has so far restricted business activity for two of Strix’s top five major OEM customers, with further disruption expected. Revenues for the full year will be below initial expectations whilst profitability is impacted more heavily due to the operational gearing in the business. These difficult market conditions see Zeus full year revenue for ....

30 Nov 2022
Strix Group plc (KETL LN) - Chinese covid policy impacting trading, Billi acquisition closes

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Strix Group plc (KETL LN) - Chinese covid policy impacting trading, Billi acquisition closes
Strix Group PLC (KETL:LON) | 99.7 0.4 0.4% | Mkt Cap: 218.1m
- Published:
30 Nov 2022 -
Author:
Andy Hanson -
Pages:
15 -
Strix has issued a trading update today following a disrupted period due to China’s continued Zero Covid policy approach and ongoing macro uncertainty. This has so far restricted business activity for two of Strix’s top five major OEM customers, with further disruption expected. Revenues for the full year will be below initial expectations whilst profitability is impacted more heavily due to the operational gearing in the business. These difficult market conditions see Zeus full year revenue for ....