2017 results delivered the expected £0.1m EBIT on sales of £4.7m, which we believe marks a significant inflection point in the company’s development. As c.66% of FY2017 revenue is of a recurring/repeat nature and there is a strong pipeline of potential new business the company is on track to hit adj. PBT in 2018, in our view. The November 2018 deadline for e-tendering could provide further sales impetus. Consequently, we view the recent share price weakness as a buying oppor
19 Apr 2018
Set to build on maiden EBIT profitability
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Set to build on maiden EBIT profitability
EU Supply (EUSP:LON) | 0 0 (-6.0%) | Mkt Cap: 8.50m
- Published:
19 Apr 2018 -
Author:
Robert Sanders -
Pages:
8
2017 results delivered the expected £0.1m EBIT on sales of £4.7m, which we believe marks a significant inflection point in the company’s development. As c.66% of FY2017 revenue is of a recurring/repeat nature and there is a strong pipeline of potential new business the company is on track to hit adj. PBT in 2018, in our view. The November 2018 deadline for e-tendering could provide further sales impetus. Consequently, we view the recent share price weakness as a buying oppor