Safestyle has issued a full year trading update indicating revenue will be c.£154.3m (FY21: £143.3m), slightly ahead of Zeus’ updated forecasts following the 29 November trading update. Despite challenging conditions expected to persist over the short-term, demand has recovered over recent months with the order book ahead of last year as of 31 January 2023. Adjusted PBT is expected to be in line with expectations for the full year at a £4.5m loss (FY21: £7.6m profit) whilst net cash is expected ....
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Safestyle (SFE LN) - Optimistic on the medium-term recovery
- Published:
02 Feb 2023 -
Author:
Andy Hanson -
Pages:
7
Safestyle has issued a full year trading update indicating revenue will be c.£154.3m (FY21: £143.3m), slightly ahead of Zeus’ updated forecasts following the 29 November trading update. Despite challenging conditions expected to persist over the short-term, demand has recovered over recent months with the order book ahead of last year as of 31 January 2023. Adjusted PBT is expected to be in line with expectations for the full year at a £4.5m loss (FY21: £7.6m profit) whilst net cash is expected ....