Today's FY20 update from WATR reflects an impressive beat to expectations and prompts us to upgrade our profit forecasts for the coming year by more than 30%. Once again, the business has grown very strongly, by 17% (revenues) and 78% (statutory profits); and growth was across the board, albeit with star turns from Franchisee-Related (revenues +18%) and Corporate (+21%). Beyond US domestic growth, international revenues were also strongly up. WATR is the only player in its space offering full ....
09 Feb 2021
WHI Morning Comment: Water Intelligence (WATR) - Results well ahead, 30% '21 profit upgrade, fair value 590p (550p)
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WHI Morning Comment: Water Intelligence (WATR) - Results well ahead, 30% '21 profit upgrade, fair value 590p (550p)
Water Intelligence plc (WATR:LON) | 325 0 0.0% | Mkt Cap: 56.5m
- Published:
09 Feb 2021 -
Author:
Nick Spoliar -
Pages:
4
Today's FY20 update from WATR reflects an impressive beat to expectations and prompts us to upgrade our profit forecasts for the coming year by more than 30%. Once again, the business has grown very strongly, by 17% (revenues) and 78% (statutory profits); and growth was across the board, albeit with star turns from Franchisee-Related (revenues +18%) and Corporate (+21%). Beyond US domestic growth, international revenues were also strongly up. WATR is the only player in its space offering full ....