Windar’s revenues from product sales grew by 80% year-on-year during FY18, enabling it to reduce EBITDA losses from €1.2m to €0.4m. Growth was slower than expected because of supply chain issues. Although these issues have now been resolved, they have a knock-on effect on follow-on orders for FY19, so we reduce our estimates for both forecast years.
28 Feb 2019
Windar Photonics - Supply chain issues dampen FY18 growth
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Windar Photonics - Supply chain issues dampen FY18 growth
Windar Photonics Plc (WPHO:LON) | 44.0 0 0.0% | Mkt Cap: 35.8m
- Published:
28 Feb 2019 -
Author:
Anne Margaret Crow -
Pages:
5
Windar’s revenues from product sales grew by 80% year-on-year during FY18, enabling it to reduce EBITDA losses from €1.2m to €0.4m. Growth was slower than expected because of supply chain issues. Although these issues have now been resolved, they have a knock-on effect on follow-on orders for FY19, so we reduce our estimates for both forecast years.