EU Supply’s 2015 results were in line with our forecasts of sales of £2.8m and an adj. LBIT of £1.4m. We make no changes either to our 2016 or 2017 forecasts and note that the company still expects to be profitable on a runrate basis by the end of 2016. This will partly be attributable to a cost-savings programme that was implemented in the early part of 2016. With much of the sales recurring/repeat the most important KPI remains revenue growth. We maintain our 10p DCF-deriv
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