Strong progress on the margin initiatives set out at the time of Apr. ’21 fund raise has been hindered by poor product availability (with demand outstripping supply) and inflationary pressures. To date, this has been very well managed. However, FireAngel’s H1 results prompt a significant reduction in earnings guidance, with a dramatic fall in sterling and further inflationary pressures exacerbating already difficult conditions. We now expect EBITDA of £0.4m vs. £4.3m previously in FY22 (£0.1m lo ....
27 Sep 2022
Outlook overshadowed by FX and inflation headwinds
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Outlook overshadowed by FX and inflation headwinds
FireAngel Safety Technology Group plc (FA:LON) | 4.2 0 0.0% | Mkt Cap: 12.8m
- Published:
27 Sep 2022 -
Author:
Greg Poulton -
Pages:
3
Strong progress on the margin initiatives set out at the time of Apr. ’21 fund raise has been hindered by poor product availability (with demand outstripping supply) and inflationary pressures. To date, this has been very well managed. However, FireAngel’s H1 results prompt a significant reduction in earnings guidance, with a dramatic fall in sterling and further inflationary pressures exacerbating already difficult conditions. We now expect EBITDA of £0.4m vs. £4.3m previously in FY22 (£0.1m lo ....