EU Supply has delivered a 30% increase in revenue to £1.55m in the first half of 2016. Following the cost-saving programme management executed in H1, the company remains on track to deliver an operating profit on a monthly run rate during H2 2016 and a first annual operating profit in 2017. At this stage we make no changes to any of our forecasts but with the potential of a number of contract wins to contribute to revenue in 2017 and cash being generated in August 2016 we upgrade our DC
07 Sep 2016
At an inflection point?
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At an inflection point?
EU Supply has delivered a 30% increase in revenue to £1.55m in the first half of 2016. Following the cost-saving programme management executed in H1, the company remains on track to deliver an operating profit on a monthly run rate during H2 2016 and a first annual operating profit in 2017. At this stage we make no changes to any of our forecasts but with the potential of a number of contract wins to contribute to revenue in 2017 and cash being generated in August 2016 we upgrade our DC