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Synnovia PLC

Plastics Capital seeing the results of its pivot towards growth-oriented strategy

Capital Network analyst Ed Stacey discusses Plastics Capital Plc's (LON:PLA) first half results to September 2018.

Revenue rose 11.4% to £40.63mln from £36.46mln while underlying earnings (EBITDA) rose 42.8% to £3.67mln from £2.57mln.

Stacey says the results reinforce his confidence in his full-year (FY) March 2019 forecasts, including an EPS growth forecast of 25.3%.

Quick facts: Synnovia PLC

Price: £1.24

Market: LSE
Market Cap: £48.16 m
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Synnovia PLC reports year of record sales and earnings

Synnovia PLC's (LON:SYN) chairman Faisal Rahmatallah tells Proactive London's Andrew Scott they saw record sales growth in the year to March 2019. He adds that adjusted profits were just above flat as the plastic components and film packaging specialist invested for growth. Revenue...

on 9/7/19

2 min read