S&U H121 results were substantially affected by the COVID-19 pandemic but the company has remained profitable and there are clear signs of improvement. While profitability over our forecast period looks set to be relatively subdued, the benefits of tighter credit criteria, increased new business and work to enhance aspects of Advantage’s activities should become more apparent in FY23 and FY24.
07 Oct 2020
S&U - Adapting to the new environment
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S&U - Adapting to the new environment
S&U plc (SUS:LON) | 1,872 -187.3 (-0.5%) | Mkt Cap: 227.5m
- Published:
07 Oct 2020 -
Author:
Andrew Mitchell -
Pages:
10
S&U H121 results were substantially affected by the COVID-19 pandemic but the company has remained profitable and there are clear signs of improvement. While profitability over our forecast period looks set to be relatively subdued, the benefits of tighter credit criteria, increased new business and work to enhance aspects of Advantage’s activities should become more apparent in FY23 and FY24.