Last week’s trading update highlighted ongoing challenges relating to the uncertain economic and inflationary environment. Nevertheless, FY22 is still expected to be a year of revenue and profit growth. Our FY22 PBT forecast reduces to £0.5m (from £1.0m) and we assume a consistent performance (£0.5m PBT) in our newly introduced FY23 forecast. The balance sheet is robust (net cash c.£6m), the opportunities log is improving and a recovery towards pre-COVID levels of profitability (PBT >£3m in FY19 ....
24 Aug 2022
Challenging backdrop but recovery potential remains
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Challenging backdrop but recovery potential remains
Zytronic plc (ZYT:LON) | 55.0 0 0.0% | Mkt Cap: 5.59m
- Published:
24 Aug 2022 -
Author:
James Tetley -
Pages:
3
Last week’s trading update highlighted ongoing challenges relating to the uncertain economic and inflationary environment. Nevertheless, FY22 is still expected to be a year of revenue and profit growth. Our FY22 PBT forecast reduces to £0.5m (from £1.0m) and we assume a consistent performance (£0.5m PBT) in our newly introduced FY23 forecast. The balance sheet is robust (net cash c.£6m), the opportunities log is improving and a recovery towards pre-COVID levels of profitability (PBT >£3m in FY19 ....