SDI reported full-year results to 30 April that were slightly ahead (+2%) of the trading update issued by the company on 23 April with net debt of £4.0m comparing favourably to our forecast of £4.3m. Underlying organic growth of 3.7% organic growth, despite the COVID-19 disruption in Q4, was supplemented by growth from acquisitions in FY 2019 and FY 2020. Adjusted pre-tax profit rose 44% to £4.3m with adjusted EPS up 21% to 3.4p. Net debt at 30 April was £4.0m. With ev
21 Jul 2020
SDI Group - FY 2020 – introducing 2021 and 2022 forecasts
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SDI Group - FY 2020 – introducing 2021 and 2022 forecasts
SDI Group plc (SDI:LON) | 56.0 -0.6 (-1.8%) | Mkt Cap: 58.5m
- Published:
21 Jul 2020 -
Author:
Mark Brewer | Cavendish Research -
Pages:
16
SDI reported full-year results to 30 April that were slightly ahead (+2%) of the trading update issued by the company on 23 April with net debt of £4.0m comparing favourably to our forecast of £4.3m. Underlying organic growth of 3.7% organic growth, despite the COVID-19 disruption in Q4, was supplemented by growth from acquisitions in FY 2019 and FY 2020. Adjusted pre-tax profit rose 44% to £4.3m with adjusted EPS up 21% to 3.4p. Net debt at 30 April was £4.0m. With ev