FY2020E has been a challenging year on a number of fronts and a significant loss is expected on revenues down 12% at c.£25m and also impairment charges of c.£14m. Nevertheless, the Group enters FY2021E in better underlying shape, with benefits to follow from reorganisation and restructuring, and investment in sales, engineering capability and systems. This provides a platform to capture growth, albeit that no recovery is expected in the next 12 months in the oil & gas market, now c.35% of FY2021 ....

03 Nov 2020
Full year trading update – reinstating forecasts

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Full year trading update – reinstating forecasts
Chesterfield Special Cylinders Holdings PLC (CSC:LON) | 36.0 0 0.0% | Mkt Cap: 13.9m
- Published:
03 Nov 2020 -
Author:
Singer CM Team -
Pages:
3 -
FY2020E has been a challenging year on a number of fronts and a significant loss is expected on revenues down 12% at c.£25m and also impairment charges of c.£14m. Nevertheless, the Group enters FY2021E in better underlying shape, with benefits to follow from reorganisation and restructuring, and investment in sales, engineering capability and systems. This provides a platform to capture growth, albeit that no recovery is expected in the next 12 months in the oil & gas market, now c.35% of FY2021 ....