Today’s trading update notes further softness in the gaming market last year. Guidance was cut in September on reduced demand from two large customers (notably Ainsworth) losing market share/floor space in the casinos. In the following months to the YE, Quixant experienced weaker demand for core gaming platform units across the wider client base, indicating general uncertainty amongst global machine manufacturers. FY 2019 revenues and adj. PBT will thus be below forecasts at $92.3m and $10.7m (d ....
29 Jan 2020
Market weakness impacts H2 and cautions on FY 2020
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Market weakness impacts H2 and cautions on FY 2020
Nexteq PLC (NXQ:LON) | 152 0 0.0% | Mkt Cap: 101.5m
- Published:
29 Jan 2020 -
Author:
Cavendish Research -
Pages:
6
Today’s trading update notes further softness in the gaming market last year. Guidance was cut in September on reduced demand from two large customers (notably Ainsworth) losing market share/floor space in the casinos. In the following months to the YE, Quixant experienced weaker demand for core gaming platform units across the wider client base, indicating general uncertainty amongst global machine manufacturers. FY 2019 revenues and adj. PBT will thus be below forecasts at $92.3m and $10.7m (d ....