Today’s FY20 trading update indicates that the business did not miss a step in FY20. Underlying profitability was very marginally ahead yoy and net debt has peaked and, with the factory move completing later this year this, will fall increasingly quickly. Looking forward, FY21 will see significant growth, underpinned by the LAICA contribution, but importantly underlying organic growth is expected to be c.10%. Trading has started well in the new financial year providing confidence in forecasts at ....
27 Jan 2021
Strix Group plc (KETL LN) - Seamless performance in FY20 and strong growth in FY21
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Strix Group plc (KETL LN) - Seamless performance in FY20 and strong growth in FY21
Strix Group PLC (KETL:LON) | 74.0 0.6 1.1% | Mkt Cap: 161.7m
- Published:
27 Jan 2021 -
Author:
Andy Hanson -
Pages:
8
Today’s FY20 trading update indicates that the business did not miss a step in FY20. Underlying profitability was very marginally ahead yoy and net debt has peaked and, with the factory move completing later this year this, will fall increasingly quickly. Looking forward, FY21 will see significant growth, underpinned by the LAICA contribution, but importantly underlying organic growth is expected to be c.10%. Trading has started well in the new financial year providing confidence in forecasts at ....