Interim results were slightly ahead of January’s trading update/AGM statement. Revenue growth of 8% was driven by overseas growth of 21%, offsetting c1-2% growth in the UK. The balance sheet is healthy, with £4.3m net cash, despite the payment of a 3p special dividend (£1.2m) in the period. We are reducing 2016 and 2017 EPS by 3% and 21%, respectively, to reflect the increased R&D investment (£0.45m) expected to secure US approvals. Our 110p price target remains un
24 Feb 2016
Interim results – focus on high-margin revenues
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Interim results – focus on high-margin revenues
Tristel Plc (TSTL:LON) | 462 34.7 1.6% | Mkt Cap: 219.8m
- Published:
24 Feb 2016 -
Author:
Mark Brewer -
Pages:
12
Interim results were slightly ahead of January’s trading update/AGM statement. Revenue growth of 8% was driven by overseas growth of 21%, offsetting c1-2% growth in the UK. The balance sheet is healthy, with £4.3m net cash, despite the payment of a 3p special dividend (£1.2m) in the period. We are reducing 2016 and 2017 EPS by 3% and 21%, respectively, to reflect the increased R&D investment (£0.45m) expected to secure US approvals. Our 110p price target remains un