Coral Products has released a positive trading update for the financial year ended 30 April 2023. We are raising our FY23E EBITDA forecast by 12.9%, in-line with the company guidance. We are lowering our FY24E EBITDA forecast by 4% to reflect our view of the macro environment. Including these changes, our forecasts continue to reflect an impressive growth trajectory for the company, and we maintain a BUY rating.
24 May 2023
Cenkos: Coral Products Plc -- FY trading update
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Cenkos: Coral Products Plc -- FY trading update
Coral Products plc (CRU:LON) | 9.8 0 (-3.6%) | Mkt Cap: 8.78m
- Published:
24 May 2023 -
Author:
Edward Stacey -
Pages:
6
Coral Products has released a positive trading update for the financial year ended 30 April 2023. We are raising our FY23E EBITDA forecast by 12.9%, in-line with the company guidance. We are lowering our FY24E EBITDA forecast by 4% to reflect our view of the macro environment. Including these changes, our forecasts continue to reflect an impressive growth trajectory for the company, and we maintain a BUY rating.