DJ Hardman & Co Research: Neodecortech (NDT): Momentum sustained
Hardman & Co Research
Hardman & Co Research: Neodecortech (NDT): Momentum sustained
14-May-2021 / 07:30 GMT/BST
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Hardman & Co Research: Momentum sustained
1Q results from Neodecortech (NDT) confirmed that the positive momentum in the second half of last year continued into
2021. Revenue was up 19% overall and EBITDA came in at EUR5.1m, vs. a comparable EUR2.7m in 1Q'20. Last year caught only
the very beginning of the pandemic. 2Q has continued in a similar vein, and margins are holding up, despite rises in
key raw material prices. We are not changing our forecasts materially but we are more confident that they can be
reached or beaten.
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(END) Dow Jones Newswires
May 14, 2021 02:30 ET (06:30 GMT)
