FireAngel’s pre-close update confirms that it remains on target to meet expectations at an adj. LBT level for FY21, driven by a strong gross margin and cost performance, offsetting slightly lower than expected revenues. Net debt is expected to be slightly better than forecast. Supply chain challenges have continued, not least component and shipping shortages, but this continues to be well managed, with management procuring components at higher than normal levels. A recent improvement in componen ....
20 Dec 2021
Earnings performance expected to be in line
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Earnings performance expected to be in line
FireAngel Safety Technology Group plc (FA:LON) | 4.2 0 0.0% | Mkt Cap: 12.8m
- Published:
20 Dec 2021 -
Author:
Greg Poulton -
Pages:
3
FireAngel’s pre-close update confirms that it remains on target to meet expectations at an adj. LBT level for FY21, driven by a strong gross margin and cost performance, offsetting slightly lower than expected revenues. Net debt is expected to be slightly better than forecast. Supply chain challenges have continued, not least component and shipping shortages, but this continues to be well managed, with management procuring components at higher than normal levels. A recent improvement in componen ....