Frontier Smart’s trading update shows delivery of the expected H2 recovery following a challenging first half. FY18E revenues are in-line (‘not less than $41.0m’ versus N+1: $41.6m) despite overstocking of digital radios post-FM shutdown in Norway impacting H1. Full-year trading EBITDA expectations are also in-line at $0.8m, with H2 showing strong improvement (H2: +$2.9m; H1: Loss of -$2.1m) resulting from implemented R&D cost control and H2 sales recovery. FY19 guidance targets further improvem ....
17 Jan 2019
H2 recovery comes through; 2019 numbers introduced
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H2 recovery comes through; 2019 numbers introduced
Frontier Smart Technologies Group (FST:LON) | 0 0 (-0.3%)
- Published:
17 Jan 2019 -
Author:
Caspar Erskine -
Pages:
3
Frontier Smart’s trading update shows delivery of the expected H2 recovery following a challenging first half. FY18E revenues are in-line (‘not less than $41.0m’ versus N+1: $41.6m) despite overstocking of digital radios post-FM shutdown in Norway impacting H1. Full-year trading EBITDA expectations are also in-line at $0.8m, with H2 showing strong improvement (H2: +$2.9m; H1: Loss of -$2.1m) resulting from implemented R&D cost control and H2 sales recovery. FY19 guidance targets further improvem ....