DJ Hardman & Co Research: Neodecortech (NDT): Strong FY'20 results
Hardman & Co Research
Hardman & Co Research: Neodecortech (NDT): Strong FY'20 results
04-March-2021 / 16:10 GMT/BST
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Hardman & Co Research: Strong FY'20 results
Neodecortech (NDT) announced that it had significantly outperformed its baseline projection from last summer. Trading
was driven by a focus on home furnishings and new products, with turnover down only 4%, despite the closures last
spring. EBITDA was a very creditable EUR14.6m (ahead of our EUR14m forecast), and net debt actually fell marginally to
EUR40m. These figures, plus the EUR0.09 dividend, show the strength of NDT's business and the value of its investment in
new products.
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(END) Dow Jones Newswires
March 04, 2021 11:11 ET (16:11 GMT)
