Today's results reflect performance in-line with expectations, highlighting challenging market conditions, which are expected to persist during FY19E. Despite this, Jaywing is making improvements to the quality of its business through increasing cross-selling, the winning of larger and more repeatable projects, international expansion and measured cost savings. It is seeking to exit FY19E with a sustainable run-rate to restore profitability back to £5m+ in EBITDA in FY20E
10 Jul 2018
Cenkos: Jaywing Plc - Getting back on track
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Cenkos: Jaywing Plc - Getting back on track
Jaywing plc (JWNG:LON) | 3.2 0 0.0% | Mkt Cap: 2.94m
- Published:
10 Jul 2018 -
Author:
Cavendish Research -
Pages:
8
Today's results reflect performance in-line with expectations, highlighting challenging market conditions, which are expected to persist during FY19E. Despite this, Jaywing is making improvements to the quality of its business through increasing cross-selling, the winning of larger and more repeatable projects, international expansion and measured cost savings. It is seeking to exit FY19E with a sustainable run-rate to restore profitability back to £5m+ in EBITDA in FY20E