In its 2017 trading update EU Supply (EUSP) has stated it expects results to be in line with expectations. We maintain our FY2017 forecasts of a £0.1m EBIT on £4.7m sales(up 38% on FY2016). While some of this growth was attributable to currency movements, most encouragingly, there was a 29% increase in revenues of recurring or repeated nature to c.£3.1m. We have upgraded our sales forecasts for FY2018 and FY2019 but with an increased cost base maintained our PBT and EPS fore
25 Jan 2018
Maiden profitability achieved in 2017
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Maiden profitability achieved in 2017
EU Supply (EUSP:LON) | 0 0 (-6.0%) | Mkt Cap: 8.50m
- Published:
25 Jan 2018 -
Author:
Robert Sanders -
Pages:
2
In its 2017 trading update EU Supply (EUSP) has stated it expects results to be in line with expectations. We maintain our FY2017 forecasts of a £0.1m EBIT on £4.7m sales(up 38% on FY2016). While some of this growth was attributable to currency movements, most encouragingly, there was a 29% increase in revenues of recurring or repeated nature to c.£3.1m. We have upgraded our sales forecasts for FY2018 and FY2019 but with an increased cost base maintained our PBT and EPS fore