Windar Photonics posted record revenues and got close to EBITDA break-even during FY18. Management expects current customer projects with Vestas and continued demand in Asia to drive further growth in the retrofit segment during FY19. It also expects volume deliveries to OEMS to commence in the near future, but we exclude these from our estimates.
01 Jul 2019
Windar Photonics - Retrofit activity driving growth in the short term
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Windar Photonics - Retrofit activity driving growth in the short term
Windar Photonics Plc (WPHO:LON) | 45.0 2.3 12.5% | Mkt Cap: 36.6m
- Published:
01 Jul 2019 -
Author:
Anne Margaret Crow -
Pages:
6
Windar Photonics posted record revenues and got close to EBITDA break-even during FY18. Management expects current customer projects with Vestas and continued demand in Asia to drive further growth in the retrofit segment during FY19. It also expects volume deliveries to OEMS to commence in the near future, but we exclude these from our estimates.