This morning’s trading update shows a positive finish to the year with trading in the last five months in line with expectations (first day of trading 7th Aug 2017). Zeus Capital forecasts are for £92.6m of revenue leading to EBITDA of £35.1m and pro forma PBT of c. £26.6m. Cash generation since August has been better than anticipated leading to a material improvement in forecast net debt. Ahead of further detail in the FY results (22nd March), the ZC estimate reduces
22 Jan 2018
Positive finish to the year
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Positive finish to the year
Strix Group PLC (KETL:LON) | 73.7 -1.4 (-2.6%) | Mkt Cap: 161.2m
- Published:
22 Jan 2018 -
Author:
Andy Hanson -
Pages:
6
This morning’s trading update shows a positive finish to the year with trading in the last five months in line with expectations (first day of trading 7th Aug 2017). Zeus Capital forecasts are for £92.6m of revenue leading to EBITDA of £35.1m and pro forma PBT of c. £26.6m. Cash generation since August has been better than anticipated leading to a material improvement in forecast net debt. Ahead of further detail in the FY results (22nd March), the ZC estimate reduces