HeiQ has provided a trading update for the year to December 2020, expecting sales to be above market expectations and operating profit to be ‘in line with market expectations' after record levels of investment in the business in the second half to support future growth. We have upgraded our FY20E revenue forecasts following this announcement, raising our sales by c14% to $49.1m while maintaining our operating profit (pre-exceptionals) at $12.2m. At this time, we have left our FY21E P&L forecasts ....
26 Jan 2021
Cenkos: HeiQ Plc -- Trading update upgrade
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Cenkos: HeiQ Plc -- Trading update upgrade
HeiQ PLC (HEIQ:LON) | 8.7 0 2.3% | Mkt Cap: 14.7m
- Published:
26 Jan 2021 -
Author:
Chris Donnellan -
Pages:
7
HeiQ has provided a trading update for the year to December 2020, expecting sales to be above market expectations and operating profit to be ‘in line with market expectations' after record levels of investment in the business in the second half to support future growth. We have upgraded our FY20E revenue forecasts following this announcement, raising our sales by c14% to $49.1m while maintaining our operating profit (pre-exceptionals) at $12.2m. At this time, we have left our FY21E P&L forecasts ....