FY21 revenues of £20.5m were 5.1% ahead of forecasts, with gross margin increased 2.2% to 55.9% and PBT up 17% to £3.5m. R&D is accelerating with a focus on increasing the product range at double the previous frequency and within half the time. Order in-take is strong, though revenues in FY22E will be affected by the widely reported electronic component availability. However, with this growing order in-take and significant balance sheet strength, Concurrent is strongly positioned to continue to ....
12 May 2022
Cenkos: Concurrent Technologies Plc -- FY21 Final results update
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Cenkos: Concurrent Technologies Plc -- FY21 Final results update
Concurrent Technologies Plc (CNC:LON) | 93.0 0.6 0.6% | Mkt Cap: 79.6m
- Published:
12 May 2022 -
Author:
Ian McInally -
Pages:
7
FY21 revenues of £20.5m were 5.1% ahead of forecasts, with gross margin increased 2.2% to 55.9% and PBT up 17% to £3.5m. R&D is accelerating with a focus on increasing the product range at double the previous frequency and within half the time. Order in-take is strong, though revenues in FY22E will be affected by the widely reported electronic component availability. However, with this growing order in-take and significant balance sheet strength, Concurrent is strongly positioned to continue to ....