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Trackwise Designs - Interim results, new contracts boost confidence

  • 23 Sep 2020

Trackwise Designs - Interim results, new contracts boost confidence


Trackwise Designs Plc (TWD:LON) | 320 6.4 0.6% | Mkt Cap: 91.0m


  • finnCap
    • David Buxton

    • 7 pages

Electronic Products image


 
Electronic Products image


The interims reflect COVID challenges, which reduced order intake, and the acquisition of SCL. A milestone three-year agreement with a UK-based EV OEM was recently awarded, potentially worth up to £38m, which substantially underwrites further growth prospects. In the short term however, we reduce our FY20 forecasts, although with the EV contract kicking in next year, we see good growth coming through.


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Trackwise Designs - Interim results, new contracts boost confidence


Trackwise Designs Plc (TWD:LON) | 320 6.4 0.6% | Mkt Cap: 91.0m


  • Published: 23 Sep 2020
  • Author: David Buxton
  • Pages: 7
  • finnCap


The interims reflect COVID challenges, which reduced order intake, and the acquisition of SCL. A milestone three-year agreement with a UK-based EV OEM was recently awarded, potentially worth up to £38m, which substantially underwrites further growth prospects. In the short term however, we reduce our FY20 forecasts, although with the EV contract kicking in next year, we see good growth coming through.



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