Growth and value; adj. PBT +36% YoY, 9% ahead of views, delivering 1 year early
WATR has published another strong update, demonstrating that the company is able to generate strong double digit growth in revenues (+27%) while at the same time expanding margins, a winning combination. Both sales and profit growth outpaced expectations generously, with a 9% beat to our forecasts at both levels. Particularly pleasing are (1) the ongoing growth in franchisee revenues – despite reacquisitions, organi ....
10 Feb 2020
WHI Morning Comment: Water Intelligence (WATR)
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WHI Morning Comment: Water Intelligence (WATR)
Water Intelligence plc (WATR:LON) | 340 -17 (-1.4%) | Mkt Cap: 59.0m
- Published:
10 Feb 2020 -
Author:
Nick Spoliar -
Pages:
4
Growth and value; adj. PBT +36% YoY, 9% ahead of views, delivering 1 year early
WATR has published another strong update, demonstrating that the company is able to generate strong double digit growth in revenues (+27%) while at the same time expanding margins, a winning combination. Both sales and profit growth outpaced expectations generously, with a 9% beat to our forecasts at both levels. Particularly pleasing are (1) the ongoing growth in franchisee revenues – despite reacquisitions, organi ....