Good H1 performance from the provider of communications and radio frequency solutions given the global backdrop with revenue growth in all three divisions (Antenna, Mottech and Distribution) and overall growth of 3% to $19.6m. Operating profit increased significantly (+28% to $1.9m) with EBIT margin +190bps, reflecting operating leverage and cost savings. Strong cash conversion resulted in net cash of $7.6m (H1 FY19: $5.0m), post April’s final dividend payment ($1.8m). MTI’s diver
24 Aug 2020
Revenue growth and EBIT margin appreciation
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Revenue growth and EBIT margin appreciation
MTI Wireless Edge Ltd (MWE:LON) | 43.0 0 0.0% | Mkt Cap: 37.6m
- Published:
24 Aug 2020 -
Author:
David Johnson -
Pages:
2
Good H1 performance from the provider of communications and radio frequency solutions given the global backdrop with revenue growth in all three divisions (Antenna, Mottech and Distribution) and overall growth of 3% to $19.6m. Operating profit increased significantly (+28% to $1.9m) with EBIT margin +190bps, reflecting operating leverage and cost savings. Strong cash conversion resulted in net cash of $7.6m (H1 FY19: $5.0m), post April’s final dividend payment ($1.8m). MTI’s diver