Arcontech has reported a strong set of H1 results that demonstrate robust organic revenue growth of +7.5% (fC estimate +7%), adjusted EBIT of £0.55m that is materially ahead of our H1 estimate of £0.37m due to tight control of opex, and strong cash generation. Arcontech has also announced that it is returning to its previous and more conservative revenue recognition approach. Despite the reduction in our revenue forecasts that this change causes when combined with conservative ass
05 Mar 2020
Arcontech - Solid H1 results demonstrate continued growth
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Arcontech - Solid H1 results demonstrate continued growth
Arcontech Group PLC (ARC:LON) | 106 0 0.0% | Mkt Cap: 14.2m
- Published:
05 Mar 2020 -
Author:
Michael Hill -
Pages:
14
Arcontech has reported a strong set of H1 results that demonstrate robust organic revenue growth of +7.5% (fC estimate +7%), adjusted EBIT of £0.55m that is materially ahead of our H1 estimate of £0.37m due to tight control of opex, and strong cash generation. Arcontech has also announced that it is returning to its previous and more conservative revenue recognition approach. Despite the reduction in our revenue forecasts that this change causes when combined with conservative ass