Interims to July are consistent with an earlier update and demonstrate a robust performance, with LFL sales +2% to £6.4m. Looking deeper, momentum continued into Q1, following a strong FY20, with 1Q21 LFL sales: +13%. Meanwhile, Covid’s impact was greater in Q2, as sales fell 11%. Notwithstanding, CKT’s SaaS division (‘Checkit Connect’) grew throughout H1: +15% to £3.4m, now 54%/sales. Management‘s response to macro uncertainties has been proactive and costs tightly managed. A lower adj. operati ....
16 Sep 2020
Robust H1, reintroducing forecasts shows confidence
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Robust H1, reintroducing forecasts shows confidence
Checkit plc (CKT:LON) | 21.0 0 0.0% | Mkt Cap: 22.7m
- Published:
16 Sep 2020 -
Author:
Harold Evans -
Pages:
4
Interims to July are consistent with an earlier update and demonstrate a robust performance, with LFL sales +2% to £6.4m. Looking deeper, momentum continued into Q1, following a strong FY20, with 1Q21 LFL sales: +13%. Meanwhile, Covid’s impact was greater in Q2, as sales fell 11%. Notwithstanding, CKT’s SaaS division (‘Checkit Connect’) grew throughout H1: +15% to £3.4m, now 54%/sales. Management‘s response to macro uncertainties has been proactive and costs tightly managed. A lower adj. operati ....