In our view Amino’s trading update, while highlighting the expected return to normal seasonal phasing, also has positive implications for profitability. Against a backdrop of higher input prices, particularly in the memory market, and lower yoy H1 revenue, full-year 2018 guidance is unchanged. To us this signals management’s confidence in the outlook for margins. Revenue visibility improved during H1 18, and the order book remains strong, although reported revenues were lower. The
06 Jun 2018
H1 18 impacted by seasonality, FY guidance maintained
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H1 18 impacted by seasonality, FY guidance maintained
Aferian plc (AFRN:LON) | 11.8 0 0.0% | Mkt Cap: 13.1m
- Published:
06 Jun 2018 -
Author:
Blaine Tatum -
Pages:
5
In our view Amino’s trading update, while highlighting the expected return to normal seasonal phasing, also has positive implications for profitability. Against a backdrop of higher input prices, particularly in the memory market, and lower yoy H1 revenue, full-year 2018 guidance is unchanged. To us this signals management’s confidence in the outlook for margins. Revenue visibility improved during H1 18, and the order book remains strong, although reported revenues were lower. The