Pennant's FY2020 results, published this morning, amply illustrate the impact of Covid crisis restrictions on their business – but also the strong response from the company, and the start of a major recovery programme, prompting us to return forecasts to the market. Losses in 2020 reflect disruption which impacted both clients and PEN itself, however (1) the company succeeded in generating significant upward momentum in H2, notwithstanding further lockdowns, (2) cost reductions of approaching £ ....
28 Apr 2021
WHI Morning Comment: Pennant International (PEN) - A tough year, but good momentum
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WHI Morning Comment: Pennant International (PEN) - A tough year, but good momentum
Pennant International Group plc (PEN:LON) | 28.5 0 0.0% | Mkt Cap: 10.5m
- Published:
28 Apr 2021 -
Author:
Nick Spoliar -
Pages:
4
Pennant's FY2020 results, published this morning, amply illustrate the impact of Covid crisis restrictions on their business – but also the strong response from the company, and the start of a major recovery programme, prompting us to return forecasts to the market. Losses in 2020 reflect disruption which impacted both clients and PEN itself, however (1) the company succeeded in generating significant upward momentum in H2, notwithstanding further lockdowns, (2) cost reductions of approaching £ ....