Strix confirms that it has traded in line with FY19 profit expectations in the first half of the year. Interim profit after tax will be ahead yoy and underlying cash generation strong leading to good performance in terms of net debt, considering investment in the new manufacturing site, the acquisition of HaloSource in Q1 and the increased dividend. We leave forecasts unchanged on today’s statement despite the apparent progress in terms of cash generation as Capex relating to the factor
18 Jul 2019
Solid trading in H1 underpins confidence in FY19 estimates
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Solid trading in H1 underpins confidence in FY19 estimates
Strix Group PLC (KETL:LON) | 73.7 -1.4 (-2.6%) | Mkt Cap: 161.2m
- Published:
18 Jul 2019 -
Author:
Andy Hanson -
Pages:
6
Strix confirms that it has traded in line with FY19 profit expectations in the first half of the year. Interim profit after tax will be ahead yoy and underlying cash generation strong leading to good performance in terms of net debt, considering investment in the new manufacturing site, the acquisition of HaloSource in Q1 and the increased dividend. We leave forecasts unchanged on today’s statement despite the apparent progress in terms of cash generation as Capex relating to the factor