This is a positive 1H21 performance, seeing growth in all regions and customer segments, as well as a significant strengthening of the financial position; on track to meet profit expectations for FY21, and ahead on revenue forecasts. Dividends recommenced with the FY20 finals and now an Interim dividend of 0.2p has been declared (1H20: Nil). The financial strength also will allow Eleco to make substantial investment in its long-term growth in FY23 and FY24. Management is flagging investment in a ....
15 Sep 2021
Eleco - Strong FY21 will allow investment in SaaS and expansion
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Eleco - Strong FY21 will allow investment in SaaS and expansion
Eleco Plc (ELCO:LON) | 92.5 0 0.0% | Mkt Cap: 77.0m
- Published:
15 Sep 2021 -
Author:
Cavendish Research -
Pages:
14
This is a positive 1H21 performance, seeing growth in all regions and customer segments, as well as a significant strengthening of the financial position; on track to meet profit expectations for FY21, and ahead on revenue forecasts. Dividends recommenced with the FY20 finals and now an Interim dividend of 0.2p has been declared (1H20: Nil). The financial strength also will allow Eleco to make substantial investment in its long-term growth in FY23 and FY24. Management is flagging investment in a ....