Tern’s portfolio update for the year to December 2019 confirms the group’s strong progress in a number of different ways, across the entire investee portfolio. Growth in the portfolio companies’ combined revenues was some 27% year-on-year, held back by some delayed orders which are now expected early this year. The group remains well positioned to capitalise on its competitive advantages, and there appears to be a steady flow of positive validation – we look forward to more during 2020.
28 Jan 2020
Progress on multiple fronts
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Progress on multiple fronts
Tern PLC (TERN:LON) | 2.8 0 (-1.8%) | Mkt Cap: 12.0m
- Published:
28 Jan 2020 -
Author:
Gareth Evans -
Pages:
3
Tern’s portfolio update for the year to December 2019 confirms the group’s strong progress in a number of different ways, across the entire investee portfolio. Growth in the portfolio companies’ combined revenues was some 27% year-on-year, held back by some delayed orders which are now expected early this year. The group remains well positioned to capitalise on its competitive advantages, and there appears to be a steady flow of positive validation – we look forward to more during 2020.