Momentum is building in Circassia, with the recovery from the pandemic gaining traction and actions taken by management to focus the business having a material impact on the bottom line. Having already upgraded in July, we are upgrading forecasts again today to reflect the further progress on reducing fixed costs. We now expect the group to trade close to EBITDA breakeven this year and for significantly improved profitability and cash generation from next year onwards.

16 Sep 2021
Positive interims, further upgrades

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Positive interims, further upgrades
NIOX Group Plc (NIOX:LON) | 62.0 0.6 1.6% | Mkt Cap: 260.1m
- Published:
16 Sep 2021 -
Author:
Chris Glasper -
Pages:
4 -
Momentum is building in Circassia, with the recovery from the pandemic gaining traction and actions taken by management to focus the business having a material impact on the bottom line. Having already upgraded in July, we are upgrading forecasts again today to reflect the further progress on reducing fixed costs. We now expect the group to trade close to EBITDA breakeven this year and for significantly improved profitability and cash generation from next year onwards.