Polypipe remains a strategically well-placed business with leading positions in its building materials market segments supported by long-term drivers. Actions taken – including the £120m equity raise in May – will aid the company’s ability to absorb the disruptive effects of COVID-19 while retaining operational flexibility to rebuild revenues. The companies forward guidance and our estimates are also remain withdrawn for the time being.
17 Jul 2020
Polypipe - In cautious recovery mode
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Polypipe - In cautious recovery mode
Genuit Group PLC (GEN:LON) | 432 17.3 0.9% | Mkt Cap: 1,077m
- Published:
17 Jul 2020 -
Author:
Toby Thorrington -
Pages:
10
Polypipe remains a strategically well-placed business with leading positions in its building materials market segments supported by long-term drivers. Actions taken – including the £120m equity raise in May – will aid the company’s ability to absorb the disruptive effects of COVID-19 while retaining operational flexibility to rebuild revenues. The companies forward guidance and our estimates are also remain withdrawn for the time being.