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Davy Research

Mincon Group

Facing short-term downtime

Mar 30 2020, 07:05 IST/BST
Colin Sheridan CFA
Company Report
5 page(s)

Sectors : Industrial machinery

Companies : Mincon Group

Ratings and price correct at time of issue.

Mincon Group

Closing Price: 89.0c
RATING 14/02/14
OUTPERFORM
PREVIOUS RATING N/A

Person's Name

Colin Sheridan CFA

Analyst

DAVY VIEW

The latest Irish government response to the COVID-19 pandemic will lead to downtime in Mincon’s Shannon plant. While the company has significant operations outside there, a large portion of manufacturing activity also takes place in Ireland. Risk to H1 estimates in particular have shifted to the downside and the magnitude will depend on the length of the downtime.

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Mar 30 2020, 07:05 IST/BST