15th Sep 2020 13:31
Cohort PLC - defence and security markets-focussed technology company - Trading performance for year ending April 30, 2021, to be in line with financial 2020. Enters financial 2021 with a substantial long-term order book and a strong pipeline of order prospects. Continues to win new business since. Group order book GBP210.0 million as at August 31 versus GBP183.3 million at April 30. Order book underpins 83% of financial 2021 consensus forecast revenue, compared with 76% at the same time last year. Restrictions on international travel constraining new export opportunities. Cash of GBP38 million and net debt of GBP1.4 million at August 31.
Current stock price: 626.00 pence
Year-to-date change: down 13%
By Tapan Panchal; [email protected]
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