As outlined in its pre-close trading update (21st July) Strix has experienced difficult trading conditions in the first half of FY22. This has been particularly acute within the Regulated Controls segment of the business. The squeeze on consumers and the weakening macro-economic outlook, exacerbated by the conflict in Ukraine, has led OEMs and retailers to be more cautious on inventory levels moving into the year end. However, OEMs are already starting to see a cyclical rebound with improving or ....
21 Sep 2022
Strix Group plc (KETL LN) - Difficult trading but outlook improving into FY23
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strix Group plc (KETL LN) - Difficult trading but outlook improving into FY23
Strix Group PLC (KETL:LON) | 73.6 -0.3 (-0.5%) | Mkt Cap: 161.0m
- Published:
21 Sep 2022 -
Author:
Andy Hanson -
Pages:
14
As outlined in its pre-close trading update (21st July) Strix has experienced difficult trading conditions in the first half of FY22. This has been particularly acute within the Regulated Controls segment of the business. The squeeze on consumers and the weakening macro-economic outlook, exacerbated by the conflict in Ukraine, has led OEMs and retailers to be more cautious on inventory levels moving into the year end. However, OEMs are already starting to see a cyclical rebound with improving or ....