Analyst Research Report Snapshot

Title:

SYMPHONY ENVIRONMENTAL TECHNOLOGIES - D2W GAINING TRACTION

Price:

$10.00

Provider:

Edison Investment Research

Date:

03 Jun 2008

Pages:

2

Type:

AcrobatPDF

Companies referenced:

SYMU.L

Available for Immediate Download
Summary:

This morning Symphony (SYM) reported numbers ahead of our 2007 forecasts, with revenues higher and a lower normalised PBT loss than anticipated. SYM appears to be drawing a close to the restructuring that is transforming it from a commodity plastics supplier to a key player in the high growth degradable plastics market and waste to energy market. Revenues of the d2w additive are accelerating, with H207 d2W sales 62% ahead of the comparable period last year and 39% ahead of H107. The wide acceptance of d2w suggests the group is moving towards profitability, we have introduced a 2009 forecast with £0.5m of PBT but there remains a possibiliy that if the rate of growth in d2w continues 2008e may also be a profitable year. FOR MORE INFORMATION ON ATTACHED RESEARCH PLEASE CALL 020 3077 5713 OR EMAIL RESEARCH@EDISONINVESTMENTRESEARCH.CO.UK OR VISIT WWW.EDISONINVESTMENTRESEARCH.CO.UK

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