FY results were in line with forecasts, showing strong sales growth and commercial traction for IHT, with RF held back by ongoing market challenges. Recently acquired SCL is integrating well without any surprises. Trading has been resilient through lockdown, though there may be some short-term impact on the timing of revenues and order intake. Forecasts increase on gross margin and tax credit gains, resulting in an EPS upgrade of 27% to 4.4p in 2020 and 22% to 7.2p in 2021.
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Trackwise Designs - FY results in line
- Published:
23 Jun 2020 -
Author:
David Buxton -
Pages:
8
FY results were in line with forecasts, showing strong sales growth and commercial traction for IHT, with RF held back by ongoing market challenges. Recently acquired SCL is integrating well without any surprises. Trading has been resilient through lockdown, though there may be some short-term impact on the timing of revenues and order intake. Forecasts increase on gross margin and tax credit gains, resulting in an EPS upgrade of 27% to 4.4p in 2020 and 22% to 7.2p in 2021.