Pre IFRS 16 operating profit and PBT came in marginally ahead of ZC forecasts at £31.5m and £30.3m respectively. Revenue at £96.9m was in line with revised forecasts showing 3.3% growth yoy (+1.8% ccy). Headline profit includes the impact of the acquisition of Halosource in the year, excluding this underlying operating profit increased c. 8% on c. 3% revenue growth post another strong margin performance. Underlying gross profit margin was 42.3%, an 80bp yoy improvement driven by continuing effi ....
18 Mar 2020
Strix Group plc (KETL LN) - Price not reflective of earnings quality post a good FY19 that delivered 10% dividend growth
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) - Price not reflective of earnings quality post a good FY19 that delivered 10% dividend growth
Strix Group PLC (KETL:LON) | 73.7 -1.4 (-2.6%) | Mkt Cap: 161.2m
- Published:
18 Mar 2020 -
Author:
Andy Hanson | Rachel Birkett, CFA -
Pages:
10
Pre IFRS 16 operating profit and PBT came in marginally ahead of ZC forecasts at £31.5m and £30.3m respectively. Revenue at £96.9m was in line with revised forecasts showing 3.3% growth yoy (+1.8% ccy). Headline profit includes the impact of the acquisition of Halosource in the year, excluding this underlying operating profit increased c. 8% on c. 3% revenue growth post another strong margin performance. Underlying gross profit margin was 42.3%, an 80bp yoy improvement driven by continuing effi ....