Recovery in demand picks up pace increasing FY21 estimates
The strength of the post lockdown recovery in demand has accelerated in the final quarter of the year with revenue growth of c.20% yoy, against the c. 9% in Q3. This is stronger than ZC estimates and leads to a 3% upgrade in FY20 revenue to £113.2m. The increase in the order book, expected to be c. 75% ahead yoy at year end, and the current installation run rate indicate the better than forecast performance will continue well into next ....
17 Dec 2020
Safestyle UK plc (SFE LN) Trading Update 17Dec2020
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Safestyle UK plc (SFE LN) Trading Update 17Dec2020
- Published:
17 Dec 2020 -
Author:
Andy Hanson | Rachel Birkett, CFA -
Pages:
8
Recovery in demand picks up pace increasing FY21 estimates
The strength of the post lockdown recovery in demand has accelerated in the final quarter of the year with revenue growth of c.20% yoy, against the c. 9% in Q3. This is stronger than ZC estimates and leads to a 3% upgrade in FY20 revenue to £113.2m. The increase in the order book, expected to be c. 75% ahead yoy at year end, and the current installation run rate indicate the better than forecast performance will continue well into next ....