Kerlink soars as 2022 order book promises 'strong growth momentum'
19/01/2022 08:46
** Shares in Kerlink ALKLK.PA jump 18%, headed for their
best day in over a year, after the communications equipment
company published a strong order book for 2022
** As of January 2022, Kerlink's order book stood at 17.8
million euros ($20.17 million) vs. 6.2 million euros a year
before, the company said in a statement urn:newsml:reuters.com:*:nFWN2TY1FO
** The group's communication "confirms our scenario that
Kerlink will continue to enjoy strong growth momentum", Midcap
Partners says
** The company should confirm a strong improvement in its
results, due to the full effect of the drastic plan to reduce
its break-even point carried out in 2019 and 2020, it adds
** However, with the "strong pressure on the prices of
certain components", it is not certain that Kerlink achieved a
balance in terms of EBITDA, but it will be very close to this
objective, the brokerage notes
($1 = 0.8825 euros)
(Reporting by Kate Entringer)
((kate.entringer@thomsonreuters.com))