Byotrol released a further positive trading on the back of a strong Q1 FY 2021, citing product sales in excess of £3.4m in the quarter and for the business to significantly exceed full-year market forecasts. With the order book at the end of June still being c.£2m (similar to at 30 April) and continued improving supply chain management for biocidal ingredients, we have upgraded forecasts to reflect this outlook. We increase FY 2021 revenues, adjusted EBITDA and EPS by 15%, 38% and
03 Aug 2020
Byotrol - Another positive trading update lifts forecasts
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Byotrol - Another positive trading update lifts forecasts
Byotrol plc (BYOT:LON) | 0.2 0 (-60.0%) | Mkt Cap: 0.68m
- Published:
03 Aug 2020 -
Author:
Mark Brewer | Cavendish Research -
Pages:
8
Byotrol released a further positive trading on the back of a strong Q1 FY 2021, citing product sales in excess of £3.4m in the quarter and for the business to significantly exceed full-year market forecasts. With the order book at the end of June still being c.£2m (similar to at 30 April) and continued improving supply chain management for biocidal ingredients, we have upgraded forecasts to reflect this outlook. We increase FY 2021 revenues, adjusted EBITDA and EPS by 15%, 38% and