FY21 results are in line with Zeus’ upgraded forecasts showing a very strong performance in challenging circumstances. Revenue increased 26.6% yoy (FY20: £113.2m) and 13.5% against the pre-pandemic FY19 £126.2m. Adj PBT of £7.6m (FY20: £4.8m loss) reflects the completion of the turnaround and is £16.4m better than the loss in FY18. Trading in recent weeks is in line with pre-cyber-attack levels indicating its short-term impact. Our understanding is that the current run rate is in line with previ ....
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Safestyle (SFE LN) - Strong FY21 performance
- Published:
21 Apr 2022 -
Author:
Andy Hanson -
Pages:
12
FY21 results are in line with Zeus’ upgraded forecasts showing a very strong performance in challenging circumstances. Revenue increased 26.6% yoy (FY20: £113.2m) and 13.5% against the pre-pandemic FY19 £126.2m. Adj PBT of £7.6m (FY20: £4.8m loss) reflects the completion of the turnaround and is £16.4m better than the loss in FY18. Trading in recent weeks is in line with pre-cyber-attack levels indicating its short-term impact. Our understanding is that the current run rate is in line with previ ....