A positive trading update for the year ending 30 June 2020 indicates revenues of £31.6m (+21%), some £1.6m (5%) above expectations, driven by a c.£1.5m net benefit from COVID-19 related sales and a strong international performance (+32%). Adjusted pre-tax profit is expected to be at least £6.8m (+21%), £0.3m above expectations. Although the exact path to ‘normality’ post-COVID is difficult to predict, the breadth of product range and geographic mix an
22 Jul 2020
Tristel - FY 2020 trading update – net COVID-19 benefit
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Tristel - FY 2020 trading update – net COVID-19 benefit
Tristel Plc (TSTL:LON) | 465 11.6 0.5% | Mkt Cap: 221.0m
- Published:
22 Jul 2020 -
Author:
Mark Brewer | Cavendish Research -
Pages:
11
A positive trading update for the year ending 30 June 2020 indicates revenues of £31.6m (+21%), some £1.6m (5%) above expectations, driven by a c.£1.5m net benefit from COVID-19 related sales and a strong international performance (+32%). Adjusted pre-tax profit is expected to be at least £6.8m (+21%), £0.3m above expectations. Although the exact path to ‘normality’ post-COVID is difficult to predict, the breadth of product range and geographic mix an