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Companies >
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TP Group Plc >
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Cenkos: TP Group Plc -- FY19A Results

  • 21 May 2020

Cenkos: TP Group Plc -- FY19A Results


TP Group Plc (TPG:LON) | 6.8 0 (-6.2%) | Mkt Cap: 53.4m


  • Cenkos Securities
    • Peter Renton

    • 6 pages

Industrials - Specialty & Parts image


 
Industrials - Specialty & Parts image


TP Group's FY19A results were in line with our expectations, with strong organic revenue growth of +16% YoY. Whilst the business remains resilient, with a large net cash position and a record order book, COVID-19 has caused uncertainty around the timing of some pipeline opportunities. Therefore, in line with a number of other companies, TP Group is withdrawing market guidance. We also withdraw our forecasts and place our recommendation Under Review.

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Cenkos: TP Group Plc -- FY19A Results


TP Group Plc (TPG:LON) | 6.8 0 (-6.2%) | Mkt Cap: 53.4m


  • Published: 21 May 2020
  • Author: Peter Renton
  • Pages: 6
  • Cenkos Securities


TP Group's FY19A results were in line with our expectations, with strong organic revenue growth of +16% YoY. Whilst the business remains resilient, with a large net cash position and a record order book, COVID-19 has caused uncertainty around the timing of some pipeline opportunities. Therefore, in line with a number of other companies, TP Group is withdrawing market guidance. We also withdraw our forecasts and place our recommendation Under Review.

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