Edison Investment Research Limited
Edison Inv Research Limited: Edison issues flash on Ergomed (ERGO)
10-Jun-2020 / 13:42 GMT/BST
London, UK, 10 June 2020
Edison issues flash on Ergomed (ERGO)
Today Ergomed held its annual general meeting (AGM). As expected, no new
financial details were provided, although the executive chairman released a
statement with a general business update. Q120 trading was good with 'solid
overall growth in revenue' and cash generation 'remained strong'. In Q220,
Ergomed continued to grow the order book across the business and maintained
its 'revenue growth trend'. Its staff successfully adapted to remote working
conditions and no employees were made redundant or furloughed. The H120
trading update will be released in July 2020 as usual, but Ergomed stated
within its AGM update (June 10) that it is confident the results will be 'in
line with current market expectations'.
The next trading update is expected in July 2020, which is when we will
review our estimates and update the valuation.
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1067543 10-Jun-2020
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(END) Dow Jones Newswires
June 10, 2020 08:43 ET (12:43 GMT)
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