Velocity has reported strong FY results with stable revenue and margin expansion. The recent restructuring has proven positive and further enables the Company to exploit the large and growing composites market whilst capitalising on their strong pipeline of new business opportunities. We see Velocity generating incremental value as larger contracts materialise through a renewed focus on larger, scalable customers.
28 Jan 2020
Cenkos: Velocity Composites Plc --Poised for Growth
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Cenkos: Velocity Composites Plc --Poised for Growth
Velocity Composites Plc (VEL:LON) | 30.5 0.2 1.7% | Mkt Cap: 16.3m
- Published:
28 Jan 2020 -
Author:
Cavendish Research -
Pages:
7
Velocity has reported strong FY results with stable revenue and margin expansion. The recent restructuring has proven positive and further enables the Company to exploit the large and growing composites market whilst capitalising on their strong pipeline of new business opportunities. We see Velocity generating incremental value as larger contracts materialise through a renewed focus on larger, scalable customers.