16 Jun 2021
Castings* - FY21 Results In Line – Excellent outlook for FY22
Castings reported FY21 results largely inline with our forecasts and, despite truck customer disruption due to global semiconductor shortages, volumes are likely to increase in the second half of FY22. Castings is maintaining full production through FY22 with increasing back stock which bodes well for margin performance with potential further EPS upgrades on the horizon considering the level of customer activity. Reiterate buy rating.
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Castings* - FY21 Results In Line – Excellent outlook for FY22
Castings Public Limited Company (CGS:LON) | 365 0 0.0% | Mkt Cap: 158.6m
- Published:
16 Jun 2021 -
Author:
Andrew Simms -
Pages:
7
Castings reported FY21 results largely inline with our forecasts and, despite truck customer disruption due to global semiconductor shortages, volumes are likely to increase in the second half of FY22. Castings is maintaining full production through FY22 with increasing back stock which bodes well for margin performance with potential further EPS upgrades on the horizon considering the level of customer activity. Reiterate buy rating.