FireAngel’s H1 update highlights an improved performance, with sales growth in line with expectations and materially ahead of the prior year at c.£22.3m (H1’20: £16.5m). Combined with gross margin expansion to c.24% (H1’20: 22.2%, H1’19: 19%), this led to the adj. operating loss materially reducing to c.£1.3m (H1’20: £2.7m loss) and a return to profitability at an EBITDA level (£0.3m profit vs. a £0.8m loss in H1’20). Full year expectations are unchanged despite COVID-19 restrictions across cert ....
20 Jul 2021
Momentum building in line with expectations
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Momentum building in line with expectations
FireAngel Safety Technology Group plc (FA:LON) | 4.2 0 0.0% | Mkt Cap: 12.8m
- Published:
20 Jul 2021 -
Author:
Greg Poulton -
Pages:
3
FireAngel’s H1 update highlights an improved performance, with sales growth in line with expectations and materially ahead of the prior year at c.£22.3m (H1’20: £16.5m). Combined with gross margin expansion to c.24% (H1’20: 22.2%, H1’19: 19%), this led to the adj. operating loss materially reducing to c.£1.3m (H1’20: £2.7m loss) and a return to profitability at an EBITDA level (£0.3m profit vs. a £0.8m loss in H1’20). Full year expectations are unchanged despite COVID-19 restrictions across cert ....