Coral Products PLC has reported strong results for FY22, with 34% growth in revenue and 38% growth in EBITDA (adj.). Moreover during the current year the company has embarked on a dynamic buy and build strategy, completing acquisitions which contribute to 123% revenue growth and 23.4% earnings growth for FY23 (our forecast), and potential for further earnings upside going forward. In this report we make a detailed examination of the drivers for the business, and we initiate coverage with a BUY r ....
07 Sep 2022
Cenkos: Coral Products Plc - Initiation of coverage
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Cenkos: Coral Products Plc - Initiation of coverage
Coral Products plc (CRU:LON) | 9.8 0 0.0% | Mkt Cap: 8.78m
- Published:
07 Sep 2022 -
Author:
Edward Stacey -
Pages:
29
Coral Products PLC has reported strong results for FY22, with 34% growth in revenue and 38% growth in EBITDA (adj.). Moreover during the current year the company has embarked on a dynamic buy and build strategy, completing acquisitions which contribute to 123% revenue growth and 23.4% earnings growth for FY23 (our forecast), and potential for further earnings upside going forward. In this report we make a detailed examination of the drivers for the business, and we initiate coverage with a BUY r ....