SRT Marine Systems reports performance in line with updated expectations, driven by the return of Systems revenue post-COVID and growth in the Transceivers division. With lockdown restrictions eased in FY23, Systems deployment has accelerated and achievement of revenue milestones led to +273% yoy revenue to £30.5m (£30.0mE, FY22: £8.2m), generating -£0.2m adj PBT (FY22: -£6.4m). Systems booked £18.4m revenue while Transceivers sales grew 60% to £12.1m despite the global component shortages affec ....
27 Jul 2023
SRT Marine Systems - FY23 results unleash FY24/25 earnings post-COVID
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SRT Marine Systems - FY23 results unleash FY24/25 earnings post-COVID
SRT Marine Systems plc (SRT:LON) | 29.8 0 0.0% | Mkt Cap: 66.2m
- Published:
27 Jul 2023 -
Author:
Michael Hill | Kimberley Carstens -
Pages:
18
SRT Marine Systems reports performance in line with updated expectations, driven by the return of Systems revenue post-COVID and growth in the Transceivers division. With lockdown restrictions eased in FY23, Systems deployment has accelerated and achievement of revenue milestones led to +273% yoy revenue to £30.5m (£30.0mE, FY22: £8.2m), generating -£0.2m adj PBT (FY22: -£6.4m). Systems booked £18.4m revenue while Transceivers sales grew 60% to £12.1m despite the global component shortages affec ....