Arcontech has reported a solid set of FY20 results with adjusted EBIT growth of +31% to £1.05m or 4% ahead of our prior estimate, and net cash of £5.01m that is 5% ahead of our prior estimate. The strong growth in profitability and cash has been delivered with FY20 revenue c1% lighter than we expected, as the challenging backdrop created by COVID-19 made it difficult for Arcontech to finalise sales to new clients in H2. However, the company’s resilient revenue performance hi
02 Sep 2020
Arcontech - Solid FY20 results give a strong foundation for growth
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Arcontech - Solid FY20 results give a strong foundation for growth
Arcontech Group PLC (ARC:LON) | 106 0 0.0% | Mkt Cap: 14.2m
- Published:
02 Sep 2020 -
Author:
Michael Hill -
Pages:
29
Arcontech has reported a solid set of FY20 results with adjusted EBIT growth of +31% to £1.05m or 4% ahead of our prior estimate, and net cash of £5.01m that is 5% ahead of our prior estimate. The strong growth in profitability and cash has been delivered with FY20 revenue c1% lighter than we expected, as the challenging backdrop created by COVID-19 made it difficult for Arcontech to finalise sales to new clients in H2. However, the company’s resilient revenue performance hi