Circassia’s focus on its Niox business is paying off, with revenues recovering rapidly and further progress made in reducing the fixed cost base. As a result, management now expects FY21E EBITDA to be ahead of market expectations. We upgrade our forecasts accordingly, now looking for narrower EBITDA losses this year and a comfortable move into profitability in FY22E. We see further potential upside as the recovery becomes more established and visibility improves further, which should lead to mat ....
13 Jul 2021
Focus pays off, drives upgrades
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Focus pays off, drives upgrades
NIOX Group Plc (NIOX:LON) | 67.4 0.8 1.8% | Mkt Cap: 284.9m
- Published:
13 Jul 2021 -
Author:
Chris Glasper | Edward Thomason -
Pages:
4
Circassia’s focus on its Niox business is paying off, with revenues recovering rapidly and further progress made in reducing the fixed cost base. As a result, management now expects FY21E EBITDA to be ahead of market expectations. We upgrade our forecasts accordingly, now looking for narrower EBITDA losses this year and a comfortable move into profitability in FY22E. We see further potential upside as the recovery becomes more established and visibility improves further, which should lead to mat ....