This is an exceptional first-half performance from the core Quixant business, driven by growing Tier-1 penetration, and an impressive first full six-month contribution from Densitron, which has not only grown under Quixant management but delivered significant profit as well. Overall, group H1 sales more than trebled YoY to $41.3m, including a full half of Densitron acquired last November. Underlying this was strong organic sales growth from both the original Quixant business (revenue up 56% Y
14 Sep 2016
Strong organic and acquired H1 growth
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Strong organic and acquired H1 growth
Nexteq PLC (NXQ:LON) | 157 0 0.0% | Mkt Cap: 104.5m
- Published:
14 Sep 2016 -
Author:
Cavendish Research -
Pages:
12
This is an exceptional first-half performance from the core Quixant business, driven by growing Tier-1 penetration, and an impressive first full six-month contribution from Densitron, which has not only grown under Quixant management but delivered significant profit as well. Overall, group H1 sales more than trebled YoY to $41.3m, including a full half of Densitron acquired last November. Underlying this was strong organic sales growth from both the original Quixant business (revenue up 56% Y