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Directa Plus confident of meeting full year expectations

Directa Plus is principally focussed on the two sectors in which it has a strong commercial advantage: environmental (based on its Grafysorber product) and textiles (based on its G+ products)

Target
The company is on course to meet full-year targets

Directa Plus Plc (AIM: DCTA) shares rose on Thursday after the producer and supplier of graphene-based products said it has made good progress in the second half of 2018.

In a brief trading update, the company said it was confident of achieving consensus market estimates for the full year, including revenues of €2.3mln.

READ: Directa Plus targets India as it extends partnership with textiles giant Arvind

"2018 has been a good year for Directa Plus, in terms of accelerating commercial traction, agreements and collaborations signed and orders for our products this year and 2019,” said Giulio Cesareo, the chief executive officer of Directa Plus.

“We also repositioned ourselves in the key verticals we target for G+ products in order to move up the value chain, selling more than just pristine graphene nanoplatelets, so as to capture additional value for our shareholders. Looking forward we now have clearer visibility of a proportion of next year's revenue, and as such the board looks forward to 2019 with increasing confidence," he added.

In mid-morning trading, Directa Plus shares were 3.3% higher at 47.50p.

 -- Adds share price --


 

Quick facts: Directa Plus PLC

Price: 81.36 GBX

AIM:DCTA
Market: AIM
Market Cap: £49.63 m
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