Zytronic has issued a positive AGM update, confirming a continuation of the more positive trends reported at December’s prelims. Revenues for the first five months are c.25% ahead year-on-year and operating margins have been maintained at the improved levels of last year. The order book is 45% ahead, providing visibility for the coming months. We make no changes to forecasts this morning and continue to see further recovery potential beyond the forecast period. We reiterate our 250p TP and Buy r ....
03 Mar 2022
Positive AGM Update
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Positive AGM Update
Zytronic plc (ZYT:LON) | 55.0 0 0.0% | Mkt Cap: 5.59m
- Published:
03 Mar 2022 -
Author:
James Tetley -
Pages:
3
Zytronic has issued a positive AGM update, confirming a continuation of the more positive trends reported at December’s prelims. Revenues for the first five months are c.25% ahead year-on-year and operating margins have been maintained at the improved levels of last year. The order book is 45% ahead, providing visibility for the coming months. We make no changes to forecasts this morning and continue to see further recovery potential beyond the forecast period. We reiterate our 250p TP and Buy r ....