Super-durable, high margin growth stocks are rare. BuildTech software developer Eleco is one, having emerged from 2020 in fine fettle and is currently ‘going like a train’. Saying today that H1’21 turnover jumped 13% to £13.8m vs LY (£12.2m) and +8.8% vs H1’19 (£12.7m). With LFLs accelerating sequentially from 9% in Q1 to c. 17% in Q2 (re partly reflecting catchup end-user training), alongside adjusted EBIT (margin 19.7% vs 19.4%) climbing +15% to £2.7m, despite absorbing £1.6m of R&D (£795k capitalised vs £551k amortisation).
15 Sep 2021
‘All systems go’ at super-durable, BuildTech stock
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‘All systems go’ at super-durable, BuildTech stock
Eleco Plc (ELCO:LON) | 96.0 0 0.0% | Mkt Cap: 79.9m
- Published:
15 Sep 2021 -
Author:
Paul Hill -
Pages:
12
Super-durable, high margin growth stocks are rare. BuildTech software developer Eleco is one, having emerged from 2020 in fine fettle and is currently ‘going like a train’. Saying today that H1’21 turnover jumped 13% to £13.8m vs LY (£12.2m) and +8.8% vs H1’19 (£12.7m). With LFLs accelerating sequentially from 9% in Q1 to c. 17% in Q2 (re partly reflecting catchup end-user training), alongside adjusted EBIT (margin 19.7% vs 19.4%) climbing +15% to £2.7m, despite absorbing £1.6m of R&D (£795k capitalised vs £551k amortisation).