Xeros has issued an update relating to the timing of entry to the Indian commercial and domestic laundry markets through its customer in the region, IFB. As expected, IFB has now made its first commercial sale, to Radisson Hotels, with more likely to follow in FY2021. On the domestic side we had assumed IFB would launch during Q4 2021 but, due to significant COVID disruption, this is now looking unlikely. We now assume launch during Q1 2022. We shave off £0.2m from our FY2021 revenue expectation ....
11 Aug 2021
Xeros - Slight domestic launch delay in India
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Xeros - Slight domestic launch delay in India
Xeros Technology Group Plc (XSG:LON) | 1.4 0 0.0% | Mkt Cap: 3.26m
- Published:
11 Aug 2021 -
Author:
Michael Clifton | Cavendish Research -
Pages:
3
Xeros has issued an update relating to the timing of entry to the Indian commercial and domestic laundry markets through its customer in the region, IFB. As expected, IFB has now made its first commercial sale, to Radisson Hotels, with more likely to follow in FY2021. On the domestic side we had assumed IFB would launch during Q4 2021 but, due to significant COVID disruption, this is now looking unlikely. We now assume launch during Q1 2022. We shave off £0.2m from our FY2021 revenue expectation ....