Sales in Q4 were slightly better than expected and supply chain/cost headwinds have been managed in line with previously revised assumptions. Consequently, adj EBITDA is in line with market expectations. With price rises starting to work their way through, a strong order book (up significantly LFL) and commercial progress on contracts, there is a growing level of confidence in the year ahead. With the shares having pulled back, we move to Buy.
31 Jan 2022
Encouraging full year trading and commercial update
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Encouraging full year trading and commercial update
Venture Life Group Plc (VLG:LON) | 42.2 0.1 0.6% | Mkt Cap: 53.4m
- Published:
31 Jan 2022 -
Author:
Matthew McEachran -
Pages:
3
Sales in Q4 were slightly better than expected and supply chain/cost headwinds have been managed in line with previously revised assumptions. Consequently, adj EBITDA is in line with market expectations. With price rises starting to work their way through, a strong order book (up significantly LFL) and commercial progress on contracts, there is a growing level of confidence in the year ahead. With the shares having pulled back, we move to Buy.