Analyst Research Report Snapshot

Title:

SYMPHONY ENVIRONMENTAL TECHNOLOGIES - TURNAROUND PLAY

Price:

$10.00

Provider:

Edison Investment Research

Date:

27 Sep 2007

Pages:

12

Type:

AcrobatPDF

Companies referenced:

SYMU.L

Available for Immediate Download
Summary:

September 2007 Having undergone a repositioning of the group away from commodity plastics towards oxo-biodegradable plastics, today’s interims capture the last elements of a painful restructuing. Management now expects the group to move back towards growing revenues and improving its cash position. Symphony now focuses on oxo-biodegradable plastics (oxo), playing on the growth of environmental-led demand with a product management believes has distinct advantages over hydro-biodegradable plastics (hydro). A strengthend board structure, growth in the number of territories the product is being distributed to and improved working capital are first indications of a turnaournd. Growth in revenues is the key to re-rating. FOR MORE INFORMATION ON ATTACHED RESEARCH PLEASE CALL 020 7190 1755 OR EMAIL RESEARCH@EDISONINVESTMENTRESEARCH.CO.UK OR VISIT WWW.EDISONINVESTMENTRESEARCH.CO.UK

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