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Hardman & Co Research Hardman & Co Research: Neodecortech (NDT.MI): Strong 2018, robustly positioned for 2019 08-May-2019 / 10:15 GMT/BST *Hardman & Co Research: Strong 2018, robustly positioned for 2019* Neodecortech (NDT) had an impressive 2018 in our view. Revenue rose by 6% and adjusted EBITDA by 25%. Margins rose across the divisions as new products were developed, the power plant operated fully and the 2017 cost increases were passed on. The macro economic climate remains uncertain but we expect Neodecortech's move up the value chain and operational efficiencies to drive EBITDA higher in 2019 and 2020. NDT trades at a ca.40% EV/EBITDA discount to its nearest peers, a 10% narrowing since February. Please click here for the full report: https://www.hardmanandco.com/research/corporate-research/strong-2018-robustly- positioned-for-2019/ [1] +-------------------------+----------------+-------------------+ |*To contact us:* |*Contact:* | | | | |js@hardmanandco.com| |Hardman & Co |Jason Streets | | |35 New Broad Street | | | |London |+44 20 7194 7622| | |EC2M 1NH | | | |www.hardmanandco.com | | | |*Follow us on Twitter* | | | |@HardmanandCo | | | +-------------------------+----------------+-------------------+ *Hardman & Co Research can still be accessed for free after MiFID II. Please *click here [2] *to read the statement.* *About Hardman & Co:* For the past 21 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case. Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Our research is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies. It is not intended to be made available to unsophisticated retail investors. Anyone who is unsure of their categorisation should consult their professional advisors. This research is neither an offer, nor a solicitation, to buy or sell any security. Please read the note for the full disclaimer. Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. End of Announcement - EQS News Service 808493 08-May-2019 1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=00fd19d2f39d42013ccff2b56e2b54d8&application_id=808493&site_id=vwd_london&application_name=news 2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=5a632f52f80bd372265e4041a743aa1c&application_id=808493&site_id=vwd_london&application_name=news
(END) Dow Jones Newswires
May 09, 2019 17:12 ET (21:12 GMT)
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