Thin Film Electronics - Annus horribilis

Edison Investment Research - Technology - Thin Film Electronics: FY18 was a difficult year for Thinfilm. Revenues from tags dipped because of customer destocking. Timescales for commissioning the new roll-to-roll (R2R) manufacturing facility have been pushed out. Noting the extended sales cycle associated with on-package NFC tag deployments, which will result in higher volumes and greater customer retention in future, and delays in launching EAS (anti-theft tags) for placement in jeans, we cut our FY19 estimates.

ISIN: NO0010299068

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