Brief: Touchstar Sees FY21 Above Market Views In Terms Of Profitability And Cash Generation

Touchstar

24/01/2022 07:36

Jan 24 (Reuters) - Touchstar PLC  TSTT.L :
    * TOUCHSTAR PLC - UNAUDITED FULL YEAR OUTCOME FOR FY21 IS
ABOVE
MARKET EXPECTATIONS IN TERMS OF PROFITABILITY AND CASH
GENERATION
    * TOUCHSTAR PLC SEES PROFIT AFTER TAX TO BE APPROXIMATELY
200%
HIGHER THAN FY20
    * TOUCHSTAR PLC SEES EBITDA GROWTH OF OVER 20% COMPARED TO
FY20
    * TOUCHSTAR PLC SEES ORDER BOOK AT YEAR END OF £646,000 (31
DECEMBER 2020: £475,000)
    * TOUCHSTAR PLC EXPECTS RATE OF GROWTH IN REVENUE AND EBITDA
WILL
ACCELERATE IN 2022 DRIVING FURTHER SUBSTANTIAL IMPROVEMENT IN
FINANCIAL PERFORMANCE
    * TOUCHSTAR PLC - RECENT AND CONTINUING SUPPLY CHAIN
CONSTRAINTS
APPEAR MANAGEABLE
    * TOUCHSTAR - SAAS REVENUES GROWTH LIKELY TO OUTPACE CO'S
OVERALL
GROWTH RATE WILL AIM FOR RECURRING REVENUE MOVING TOWARDS 40% OF
TOTAL REVENUE BY END OF FY22

Source text for Eikon:  ID:nRSX2900Za 
Further company coverage:  TSTT.L 

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