Trackwise Designs hits record low on cutting sales outlook

Trackwise Designs

24/06/2022 09:31

** Shares of specialist products manufacturer Trackwise
Designs  TWD.L  down as much as 17% at 50.4p; hit record low 
    ** Sees 2022 group sales to be below previous market
expectations due to reduced customer demand  urn:newsml:reuters.com:*:nASM000GSL
    ** Set to post worst days since Dec. 2021 
    ** Says due to benefit of specific contract terms, sees FY22
adjusted operating profit, adjusted profit before tax, in line
with market expectations 
    ** Including session's losses, stock has fallen 47% YTD 

 (Reporting by Amna Karimi in Bengaluru)
 ((Amna.Karimi@thomsonreuters.com; +91 8083261226;))