SQS’s 2016 trading statement published this morning shows the business performed robustly during the period, with profitability in line with management expectations. Although revenue was slightly shy of our forecasts, there are a number of positives: (i) recent new contract wins look set to add around €20m annually to SQS’s revenues over coming years; (ii) net debt at the YE was sharply lower versus the interim period end and (iii) management are confident about 2017 outlook
16 Jan 2017
Robust 2016 trading update
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Robust 2016 trading update
Leverage Shares -1x Short Square ETP (SQS:LON) | 399 0 0.0% | Mkt Cap: 0.17m
- Published:
16 Jan 2017 -
Author:
Gareth Evans -
Pages:
2
SQS’s 2016 trading statement published this morning shows the business performed robustly during the period, with profitability in line with management expectations. Although revenue was slightly shy of our forecasts, there are a number of positives: (i) recent new contract wins look set to add around €20m annually to SQS’s revenues over coming years; (ii) net debt at the YE was sharply lower versus the interim period end and (iii) management are confident about 2017 outlook