H1(Jan)’21E interims confirm the resilient performance highlighted in the Feb trading update. Continued execution on contracted pipeline through lockdown added 12 net new sites in H1, with total sites +8% y/y to 431. Overall, Group H1 sales fell -7% y/y to £10.6m (-5% constant currency (‘cc’)), in-line with market expectations as CV19 impacted non-recurring and Marketplace sales, yet core recurring sales rose +1% y/y, (cc) driven by ongoing US strength (+16% y/y to £4.4m; +21% cc). For us, the k ....
23 Mar 2021
H1'21: Contracted pipeline building
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H1'21: Contracted pipeline building
essensys PLC (ESYS:LON) | 20.2 0 0.0% | Mkt Cap: 13.1m
- Published:
23 Mar 2021 -
Author:
Caspar Erskine | Harold Evans | Kevin Ashton -
Pages:
3
H1(Jan)’21E interims confirm the resilient performance highlighted in the Feb trading update. Continued execution on contracted pipeline through lockdown added 12 net new sites in H1, with total sites +8% y/y to 431. Overall, Group H1 sales fell -7% y/y to £10.6m (-5% constant currency (‘cc’)), in-line with market expectations as CV19 impacted non-recurring and Marketplace sales, yet core recurring sales rose +1% y/y, (cc) driven by ongoing US strength (+16% y/y to £4.4m; +21% cc). For us, the k ....