RMI demand, c. 75% of Epwin’s revenue, has been stronger than expected since the recommencement of operations. Extrusions revenue in June and July were up +10% yoy. The New build and Social markets have been slower to return but have picked up pace in early August. Working capital build up has been well managed, net debt is down £10.0m to c. £21.0m, since March. The strength in Epwin’s end markets mirrors what other companies in the sector have experienced recently. It implies that the positive ....
06 Aug 2020
Epwin Group (EPWN LN) - Demand stronger than expected
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Epwin Group (EPWN LN) - Demand stronger than expected
Epwin Group PLC (EPWN:LON) | 86.0 0 0.0% | Mkt Cap: 122.6m
- Published:
06 Aug 2020 -
Author:
Andy Hanson -
Pages:
3
RMI demand, c. 75% of Epwin’s revenue, has been stronger than expected since the recommencement of operations. Extrusions revenue in June and July were up +10% yoy. The New build and Social markets have been slower to return but have picked up pace in early August. Working capital build up has been well managed, net debt is down £10.0m to c. £21.0m, since March. The strength in Epwin’s end markets mirrors what other companies in the sector have experienced recently. It implies that the positive ....