Coral Products reported FY April 2024 results in-line with our forecasts at the revenue and adj. EBITDA levels. The company also announced a further property disposal after the period-end in addition to the Runcorn sale and leaseback announced in July, and these deals create additional headroom in the balance sheet. Our FY25E forecasts reflect conservative assumptions about the macro environment. The company reports positive results from operational enhancement initiatives, but a continuation of ....
