The strong recovery experienced in the early part of the year has continued, particularly in China, meaning H1 revenues are now expected to be materially ahead of expectations. Whilst up against soft comparatives, this implies strong growth YoY and, if trends persist, a FY21 performance ahead of expectations. We upgrade our FY21 revenues by 14% to £82.0m driving a meaningful 23% increase to Adj EBIT. Whilst there remain some macro uncertainties, we have sufficient confidence at this stage to nud ....
21 Oct 2020
Strong H1 update prompts upgrades
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Strong H1 update prompts upgrades
ECO Animal Health Group plc (EAH:LON) | 85.5 0 0.0% | Mkt Cap: 57.9m
- Published:
21 Oct 2020 -
Author:
Chris Glasper | Edward Thomason -
Pages:
3
The strong recovery experienced in the early part of the year has continued, particularly in China, meaning H1 revenues are now expected to be materially ahead of expectations. Whilst up against soft comparatives, this implies strong growth YoY and, if trends persist, a FY21 performance ahead of expectations. We upgrade our FY21 revenues by 14% to £82.0m driving a meaningful 23% increase to Adj EBIT. Whilst there remain some macro uncertainties, we have sufficient confidence at this stage to nud ....