Safestyle had previously provided detailed guidance back in December, and again in early February, as to the outcome for FY20. The results are in line, albeit net cash is better than anticipated at £7.6m (estimate £7.0m). More importantly the outlook statement provides clear indication that FY21 has started more strongly than anticipated leading to a 50% increase PBT estimate to £6.0m (£4.0m) in the current year. The inherent confidence in today’s results statement suggests that there is a level ....
25 Mar 2021
Safestyle UK Plc (SFE LN) - FY20 as guided but sustained strong trading into FY21 leads to material upgrades
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Safestyle UK Plc (SFE LN) - FY20 as guided but sustained strong trading into FY21 leads to material upgrades
- Published:
25 Mar 2021 - Author:
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Pages:
9
Safestyle had previously provided detailed guidance back in December, and again in early February, as to the outcome for FY20. The results are in line, albeit net cash is better than anticipated at £7.6m (estimate £7.0m). More importantly the outlook statement provides clear indication that FY21 has started more strongly than anticipated leading to a 50% increase PBT estimate to £6.0m (£4.0m) in the current year. The inherent confidence in today’s results statement suggests that there is a level ....