Mincon Group

Greenhammer gets green light; organic revenue flat in Q3

  • Sectors : Industrial machinery
  • Companies : Mincon Group

Ratings and price correct at time of issue.

  • Mincon Group

    Closing Price: 104c

  • RATING 14/02/14

  • PREVIOUS RATING N/A

DAVY VIEW

The much awaited Greenhammer technology is now working to (and above) Mincon’s expectations in practice. Revenue from the system could begin before the end of 2019. The rollout of the system is a game changer for the company and, over time, the industry. Despite some Q3 pressures on growth, the success of the Greenhammer means risks to numbers beyond 2019 are now all to the upside.

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Oct 31 2019, 07:30 GMT

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