The trading update reveals FY 2018 group revenue growth slowed to c.5%, largely due to a management strategy of cutting low-margin business in the Gaming Monitors division. Nevertheless, strong double-digit growth continues in the core Gaming Platforms business, driving the whole group forward while Densitron remains flat YoY. Margins seem to have held up well, but with the top line somewhat stifled, the earnings growth will be pedestrian at c.2% this year. On the back of this update we ease
24 Jan 2019
Quixant - Monitors strategy checks strong YoY Platform growth
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Quixant - Monitors strategy checks strong YoY Platform growth
Nexteq PLC (NXQ:LON) | 150 -3 (-1.3%) | Mkt Cap: 100.1m
- Published:
24 Jan 2019 -
Author:
Cavendish Research -
Pages:
3
The trading update reveals FY 2018 group revenue growth slowed to c.5%, largely due to a management strategy of cutting low-margin business in the Gaming Monitors division. Nevertheless, strong double-digit growth continues in the core Gaming Platforms business, driving the whole group forward while Densitron remains flat YoY. Margins seem to have held up well, but with the top line somewhat stifled, the earnings growth will be pedestrian at c.2% this year. On the back of this update we ease