Sales contracted by 18% in H1, which can mostly be attributed to lower sales of hand sanitiser and reduced sales to its Chinese partner. Excluding this, VLG generated robust growth (+9%) across the higher margin part of the business despite the prolonged effects of covid. We have lowered EPS estimates to reflect the weaker sales, downgrading by 6% this year and 8% next year. This includes higher expectations in the recently acquired BBI business, nothing for China, which remains a key target ter ....
13 Aug 2021
Growth impacted by China/sanitiser weakness
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Growth impacted by China/sanitiser weakness
Venture Life Group Plc (VLG:LON) | 42.2 0.7 4.3% | Mkt Cap: 53.4m
- Published:
13 Aug 2021 -
Author:
Matthew McEachran -
Pages:
3
Sales contracted by 18% in H1, which can mostly be attributed to lower sales of hand sanitiser and reduced sales to its Chinese partner. Excluding this, VLG generated robust growth (+9%) across the higher margin part of the business despite the prolonged effects of covid. We have lowered EPS estimates to reflect the weaker sales, downgrading by 6% this year and 8% next year. This includes higher expectations in the recently acquired BBI business, nothing for China, which remains a key target ter ....