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Enteq Upstream 'delivering growth well in excess of its end-market'

Proactive Research analyst Ed Stacey discusses Enteq Upstream's (LON:NTQ) first half trading.

The company reported that revenues are expected to be up +50% year-on-year, with adjusted EBITDA doubling for the period. 

These figures are ahead of previous management expectations.

Stacey says the revenue figure demonstrates that Enteq continues to deliver growth well in excess of its end-market. In particular, he says, Enteq benefited from large orders from China, which has been a target market for growth.

Quick facts: Enteq Upstream PLC

Price: 27 GBX

AIM:NTQ
Market: AIM
Market Cap: £17.68 m
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Enteq Upstream PLC's international strategy 'delivering real results'

Proactive Research analyst Ed Stacey gives his view on Enteq Upstream PLC's (LON:NTQ) interim results to September 2019 which saw revenues increasing 58% and adjusted underlying earnings (EBITDA) up 143% year-on-year. Stacey says major new customer wins in China reflect the company's...

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