The FY20 results confirm the much improved 2H flagged in the YE updates. The global casino industry has been reopening and a backlog of orders boosted 2H Gaming sales, while Densitron’s trading has been robust throughout the pandemic. Overall, group sales are down by a third, with Gaming revenue almost halved. However, 2H gaming sales improved 55% HoH while the swiftly imposed cost reductions took effect and this recovery saw QXT profitable and cash generative across FY20, an excellent outcome f ....
14 Apr 2021
Quixant - 2H recovery delivers FY20 profit and cash
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Quixant - 2H recovery delivers FY20 profit and cash
Nexteq PLC (NXQ:LON) | 150 0 0.0% | Mkt Cap: 100.1m
- Published:
14 Apr 2021 -
Author:
Michael Hill | Cavendish Research -
Pages:
19
The FY20 results confirm the much improved 2H flagged in the YE updates. The global casino industry has been reopening and a backlog of orders boosted 2H Gaming sales, while Densitron’s trading has been robust throughout the pandemic. Overall, group sales are down by a third, with Gaming revenue almost halved. However, 2H gaming sales improved 55% HoH while the swiftly imposed cost reductions took effect and this recovery saw QXT profitable and cash generative across FY20, an excellent outcome f ....