Brief: Velocity Composites Sees HY Reported EBITDA To Be Loss Of £0.9 Mln

Velocity Composites

24/05/2023 07:50

May 24 (Reuters) - Velocity Composites PLC  VELV.L :
    * VELOCITY COMPOSITES  - TRADING UPDATE & NOTICE OF RESULTS
    * VELOCITY COMPOSITES PLC - TRADING IN LINE WITH
EXPECTATIONS FOR
SIX MONTHS ENDED 30 APRIL 2023
    * VELOCITY COMPOSITES PLC - H1 FY23 SALES EXPECTED TO BE
£7.0
MILLION, UP 15% COMPARED TO H1 FY22
    * VELOCITY COMPOSITES PLC - REPORTED EBITDA EXPECTED TO BE
LOSS OF
£0.9M FOR H1 FY23
    * VELOCITY COMPOSITES PLC - CHALLENGING MACROECONOMIC
CONDITIONS
IN H1 FY23 HAS PUT PRESSURE ON MARGINS

Source text for Eikon:  ID:nRSX4205Aa 
Further company coverage:  VELV.L 

 ((Reuters.Briefs@thomsonreuters.com;))