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Capital Network analyst sees 'significant upside opportunity' at Synnovia

Capital Network analyst Ed Stacey discusses Synnovia's (LON:SYN) results for the year to the end of March 2019.

Revenues increased 8.7% to £81.6mln, earnings before interest, tax, depreciation, and amortisation (EBITDA) were up 7.3% at £7.5mln, and earnings per share (EPS) were up 2.1% at 9.7p.

Stacey says the company has an established record of revenue growth and a significant upside opportunity in improving profit margins.

He believes the valuation could re-rate upwards as risk factors such as Brexit uncertainty begin to dissipate. 

Quick facts: Synnovia PLC

Price: 124.5 GBX

LSE:SYN
Market: LSE
Market Cap: £48.55 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

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