FY23 results show a much-improved financial performance with sales of £10.8m (FY22 £10.2m, +6%) and adj. EBITDA of £0.1m (vs a £2.2m LBTDA FY22a), in line with our expectations. This is the direct result of management action on productivity, pricing, quality and service. FY24e will, as expected, be a transition year given the lead times on new contract awards, but the business is in excellent shape to return to growth from FY25 onwards. Our forecasts show sales doubling over the next 3 years wit ....
30 Apr 2024
Growth inflexion point in sight
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Growth inflexion point in sight
Strip Tinning Holdings plc (STG:LON) | 46.0 0 0.0% | Mkt Cap: 8.38m
- Published:
30 Apr 2024 -
Author:
Caroline de La Soujeole -
Pages:
3
FY23 results show a much-improved financial performance with sales of £10.8m (FY22 £10.2m, +6%) and adj. EBITDA of £0.1m (vs a £2.2m LBTDA FY22a), in line with our expectations. This is the direct result of management action on productivity, pricing, quality and service. FY24e will, as expected, be a transition year given the lead times on new contract awards, but the business is in excellent shape to return to growth from FY25 onwards. Our forecasts show sales doubling over the next 3 years wit ....