The group has a very high level of revenue visibility through its existing contract base, and with an expanded product group, additional sales resource added and a high level of operational gearing, we forecast two-year growth in profitability of 35%. We increase our 2019 forecast PBT by 25% and raise our target price to 145p.
23 Aug 2018
Arcontech - Strong final results
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Arcontech - Strong final results
Arcontech Group PLC (ARC:LON) | 106 0 0.0% | Mkt Cap: 14.2m
- Published:
23 Aug 2018 -
Author:
Cavendish Research -
Pages:
3
The group has a very high level of revenue visibility through its existing contract base, and with an expanded product group, additional sales resource added and a high level of operational gearing, we forecast two-year growth in profitability of 35%. We increase our 2019 forecast PBT by 25% and raise our target price to 145p.