Growth picked up pace in May and June with revenue in H121 13.1% ahead of the same period in 2019. After four months this figure was 10.9%. The higher level of demand sees profit growth ahead of expectations as operational gearing comes through more strongly than forecasts had assumed. Profit estimates for the current year increase by c. 16% to £6.9m (prev. £6.0m). Upgrades for outer years are more muted, but still significant, as estimates assumed a strong structural recovery in margin. The out ....
22 Jul 2021
Safestyle UK plc (SFE LN) - Stronger revenue growth and improving margin underpin an upgrade
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Safestyle UK plc (SFE LN) - Stronger revenue growth and improving margin underpin an upgrade
- Published:
22 Jul 2021 -
Author:
Andy Hanson | Rachel Birkett, CFA -
Pages:
7
Growth picked up pace in May and June with revenue in H121 13.1% ahead of the same period in 2019. After four months this figure was 10.9%. The higher level of demand sees profit growth ahead of expectations as operational gearing comes through more strongly than forecasts had assumed. Profit estimates for the current year increase by c. 16% to £6.9m (prev. £6.0m). Upgrades for outer years are more muted, but still significant, as estimates assumed a strong structural recovery in margin. The out ....