MLVN’s update this morning shows that the business is on track to deliver a major turnaround YoY, with sales doubled and a significant move from a £0.7m loss in the prior year to our forecast c.£0.4m PBTA in FY2018E. This encouraging outcome reflects good momentum which built further in the second half, a successful re-set of the Singapore business (where MLVN made a highly complementary acquisition), a strong showing in London, and a successful acquisition in Manchester in 07/18. Malaysia appea ....
13 Feb 2019
FY inline results reflect stunning turnaround
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FY inline results reflect stunning turnaround
Malvern International plc (MLVN:LON) | 20.0 0 0.0% | Mkt Cap: 4.89m
- Published:
13 Feb 2019 -
Author:
Matthew Davis -
Pages:
4
MLVN’s update this morning shows that the business is on track to deliver a major turnaround YoY, with sales doubled and a significant move from a £0.7m loss in the prior year to our forecast c.£0.4m PBTA in FY2018E. This encouraging outcome reflects good momentum which built further in the second half, a successful re-set of the Singapore business (where MLVN made a highly complementary acquisition), a strong showing in London, and a successful acquisition in Manchester in 07/18. Malaysia appea ....