Amino Technologies plc Provides Earnings Guidance for the First Six Months Ended 31 May 2017 and Second Half Year ended 2017
June 06, 2017 at 07:00 am
Amino Technologies plc provided earnings guidance for the six months ended May 31, 2017. Revenue for the period is expected to be approximately £40 million representing c.21% growth over first half of 2016 revenue of £33 million. At constant currency with revenue translated at last year's average exchange rates, this represents revenue growth of c.5%.
For the second half of 2017, The company anticipates that they will be lower in the second half of the year as the product mix shifts towards new product lines. As is typical with the launch of new products these will be lower margin, optimising over time as scale is reached. As a result, expectations for the full year remain unchanged.