Epwin traded strongly into the year-end, with FY21 underlying EBIT and PBT ahead of Zeus forecasts by 5.8% and 3.9% respectively. The Group has actively managed significant inflationary pressures and supply shortages, implementing price increases and surcharges where accepted by customers. High cash generation in the period has strengthened the Group balance sheet, bringing covenant net debt (excl. IFRS16 leases) down from 1.3x adjusted EBITDA in FY20 to just 0.4x in FY21. With reduced net debt ....
06 Apr 2022
Epwin Group (EPWN LN) - Strong year with good levels of demand
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Epwin Group (EPWN LN) - Strong year with good levels of demand
Epwin Group PLC (EPWN:LON) | 85.5 -0.4 (-0.6%) | Mkt Cap: 121.9m
- Published:
06 Apr 2022 -
Author:
Andy Hanson | Rachel Birkett, CFA -
Pages:
12
Epwin traded strongly into the year-end, with FY21 underlying EBIT and PBT ahead of Zeus forecasts by 5.8% and 3.9% respectively. The Group has actively managed significant inflationary pressures and supply shortages, implementing price increases and surcharges where accepted by customers. High cash generation in the period has strengthened the Group balance sheet, bringing covenant net debt (excl. IFRS16 leases) down from 1.3x adjusted EBITDA in FY20 to just 0.4x in FY21. With reduced net debt ....