FTC continues to impress; the FY results confirm the positive outcome to the year to May21 revealed by the post-YE update in June. Project delays and COVID concerns in 1H gave way to excellent 2H profitability (£1.2m Adj. EBITDA) and a very good FY21, demonstrating FTC’s resilience to the combined challenges of the pandemic, management change, and component shortages, and delivering profit with significant cashflow, as well as a prestigious Queen’s Award for Enterprise. FY revenue was just shy o ....
03 Aug 2021
Filtronic - With the challenges of FY21 overcome, a bright future awaits
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Filtronic - With the challenges of FY21 overcome, a bright future awaits
Filtronic plc (FTC:LON) | 34.0 0.3 2.4% | Mkt Cap: 73.8m
- Published:
03 Aug 2021 -
Author:
Michael Hill | Cavendish Research -
Pages:
17
FTC continues to impress; the FY results confirm the positive outcome to the year to May21 revealed by the post-YE update in June. Project delays and COVID concerns in 1H gave way to excellent 2H profitability (£1.2m Adj. EBITDA) and a very good FY21, demonstrating FTC’s resilience to the combined challenges of the pandemic, management change, and component shortages, and delivering profit with significant cashflow, as well as a prestigious Queen’s Award for Enterprise. FY revenue was just shy o ....