25th Jun 2020 15:39
BATM Advanced Communications Ltd - Israel-based data and telecommunications company - Predicts 25% year-on-year rise in 2020 revenue and materially higher than market expectations. Also expects annual earnings before interest, tax, depreciation and amortisation to be significantly ahead of market expectations. Exceptional growth in the Bio-Medical division has more than offset any loss of revenue in the Networking & Cyber division. Medical division growth based on several initiatives, such as the sale of antigen and antibody testing kits to health authorities in various countries as well as the sale of critical care ventilators. Received a EUR29 million order in the first half of 2020 from a European government to provide 1,000 critical care ventilators to support their response to Covid-19.
Current stock price: 100.12 pence
Year-to-date change: up more than 100%; 38.70p on January 2
By Tapan Panchal; [email protected]
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