As revealed in the detailed update earlier this month, 1H21 trading has been good and in line with achieving consensus revenue and profit expectations for FY21. COVID restrictions have eased and no longer seem to be an issue for the Fleet business; however the sourcing of telematics components remains challenging, leading to higher costs and w/cap investment in stock in 2H. The additional costs will be balanced by higher-margin sales but there might be some effect on FCF; possibly up to £0.5m, r ....
28 Jul 2021
Quartix Technologies - Component shortages won’t throw QTX off track for FY21
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Quartix Technologies - Component shortages won’t throw QTX off track for FY21
Quartix Technologies PLC (QTX:LON) | 155 0 0.0% | Mkt Cap: 75.0m
- Published:
28 Jul 2021 -
Author:
Michael Hill | Cavendish Research -
Pages:
19
As revealed in the detailed update earlier this month, 1H21 trading has been good and in line with achieving consensus revenue and profit expectations for FY21. COVID restrictions have eased and no longer seem to be an issue for the Fleet business; however the sourcing of telematics components remains challenging, leading to higher costs and w/cap investment in stock in 2H. The additional costs will be balanced by higher-margin sales but there might be some effect on FCF; possibly up to £0.5m, r ....