Following the AGM statement we make no changes to our forecasts and are encouraged management still expects the company to be profitable on a runrate basis by the end of 2016. This is partly attributable to a cost-savings programme implemented in the early part of 2016. With much of the sales recurring/repeat the most important KPI remains revenue growth. The major new business development initiatives in Germany and oil & gas/energy are still intact. We maintain our 10p DCF-derived target
07 Jun 2016
AGM statement - trading in line
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AGM statement - trading in line
EU Supply (EUSP:LON) | 0 0 (-6.0%) | Mkt Cap: 8.50m
- Published:
07 Jun 2016 -
Author:
Robert Sanders -
Pages:
2
Following the AGM statement we make no changes to our forecasts and are encouraged management still expects the company to be profitable on a runrate basis by the end of 2016. This is partly attributable to a cost-savings programme implemented in the early part of 2016. With much of the sales recurring/repeat the most important KPI remains revenue growth. The major new business development initiatives in Germany and oil & gas/energy are still intact. We maintain our 10p DCF-derived target