Plexus has announced a trading update for the year to June 2019, indicating that revenues are expected to be broadly in line with expectations but LBITDA and LBT lower. This is due to lower gross margins on certain contracts, where the importance of having POS-GRIP technology showcased and deployed in a new market is strategically important, and correspondingly higher overheads. Cash will therefore be lower than previously forecast, though this also includes the cost of the recently announced in ....
18 Feb 2019
Cenkos: Plexus Holdings - Trading update
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Cenkos: Plexus Holdings - Trading update
Plexus Holdings (POS:LON) | 17.5 0 0.3% | Mkt Cap: 18.4m
- Published:
18 Feb 2019 -
Author:
Ian McInally -
Pages:
5
Plexus has announced a trading update for the year to June 2019, indicating that revenues are expected to be broadly in line with expectations but LBITDA and LBT lower. This is due to lower gross margins on certain contracts, where the importance of having POS-GRIP technology showcased and deployed in a new market is strategically important, and correspondingly higher overheads. Cash will therefore be lower than previously forecast, though this also includes the cost of the recently announced in ....