After a positive end to FY20, Polypipe has made an active start to FY21. The £210m acquisition of ADEY (part-funded by a c £96m gross new equity raise) is a significant step and fits well with the company’s product portfolio, market positions and its sustainable water/climate management business strategy. Including acquisition effects, we expect FY21 PBT to exceed FY19 levels, as they supplement an underlying EBIT recovery following a COVID-19-affected trough year. EPS approaches FY19 levels in ....
26 Feb 2021
Polypipe - Acquisitions feed into FY21 earnings recovery
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Polypipe - Acquisitions feed into FY21 earnings recovery
Genuit Group PLC (GEN:LON) | 440 0 0.0% | Mkt Cap: 1,097m
- Published:
26 Feb 2021 -
Author:
Toby Thorrington -
Pages:
3
After a positive end to FY20, Polypipe has made an active start to FY21. The £210m acquisition of ADEY (part-funded by a c £96m gross new equity raise) is a significant step and fits well with the company’s product portfolio, market positions and its sustainable water/climate management business strategy. Including acquisition effects, we expect FY21 PBT to exceed FY19 levels, as they supplement an underlying EBIT recovery following a COVID-19-affected trough year. EPS approaches FY19 levels in ....