SDI reported full-year results to 30 April that were in line with its trading update; reporting a 70% increase in adjusted pre-tax profit. A stronger cash position (net cash of £0.8m) reflect a delay in the Monmouth contingent payment into FY 2022 and higher OEM contract prepayments. Underlying organic growth of 19% reflected the follow-on OEM contract. Adjusted pre-tax profit rose 70% to £7.4m, with adjusted EPS up 74% to 6.0p. We have made minor changes to forecasts and reflected the impending ....

20 Jul 2021
SDI Group - FY 2021 results – strong despite pandemic

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SDI Group - FY 2021 results – strong despite pandemic
SDI Group plc (SDI:LON) | 92.5 0.9 1.1% | Mkt Cap: 96.7m
- Published:
20 Jul 2021 -
Author:
Mark Brewer | Cavendish Research -
Pages:
16 -
SDI reported full-year results to 30 April that were in line with its trading update; reporting a 70% increase in adjusted pre-tax profit. A stronger cash position (net cash of £0.8m) reflect a delay in the Monmouth contingent payment into FY 2022 and higher OEM contract prepayments. Underlying organic growth of 19% reflected the follow-on OEM contract. Adjusted pre-tax profit rose 70% to £7.4m, with adjusted EPS up 74% to 6.0p. We have made minor changes to forecasts and reflected the impending ....