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Davy Research

Mincon Group

Forecasts to come down after weak H1

Aug 6 2024, 07:10 IST/BST
Colin Sheridan CFA
Company Report
6 page(s)

Sectors : Industrial machinery

Companies : Mincon Group

Ratings and price correct at time of issue.

Mincon Group

Closing Price: 41.0c
RATING 14/02/14
OUTPERFORM
PREVIOUS RATING N/A

Person's Name

Colin Sheridan CFA

Analyst

DAVY VIEW

H1 results at Mincon are behind expectations. Despite the company seeing an inflection point towards the end of Q2, FY forecasts are likely to come down by c.25% at an EBITDA level. New technologies are progressing well and should provide impetus to the equity story towards the end of 2024 and through 2025.

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Aug 6 2024, 07:10 IST/BST