NEODECORTECH overview

Hardman & Co Research Hardman & Co Research on Neodecortech (NDT.MI): Bright 1H’22, cloudy outlook 12-Sep-2022 / 07:00 GMT/BST Hardman & Co Research on Neodecortech (NDT.MI): Bright 1H’22, cloudy outlook 1H’22 results from Neodecortech (NDT) continued the trend of FY’21. Total revenue was up 20% compared with 1H’21, to a record €103m, demonstrating the continued strength of NDT’s new products and its European markets. The increases in energy prices and the impact of the Ukraine...

Hardman & Co Research Hardman & Co Research: Neodecortech (NDT.MI) - Very strong 2021 16-March-2022 / 15:57 GMT/BST Hardman & Co Research: Very strong 2021 FY'21 results from Neodecortech (NDT) confirmed the trend of the first half. Total revenue was up 37% vs. FY'20, but, more tellingly, it was up 33% vs. pre-COVID FY'19, demonstrating the strength of NDT's new products and its European markets. Growth has continued in the first two months of 2022 but at a lower rate. Our revised forecasts...

Hardman & Co Research Hardman & Co Research: Neodecortech (NDT.MI): Business booming 13-Sep-2021 / 13:40 GMT/BST Hardman & Co Research: Business booming 1H21 results from Neodecortech (NDT) confirmed the trend of the first quarter. Revenue was up 41% vs. 1H20, but, more tellingly, it was up 21% vs. 1H19, demonstrating the strength of NDT's new products and its European markets. That strength has continued into 3Q. We have raised our revenue forecasts significantly, as well as our earnings...

Hardman & Co Research Hardman & Co Research : Neodecortech (NDT): Momentum sustained 14-May-2021 / 07:30 GMT/BST Hardman & Co Research: Momentum sustained 1Q results from Neodecortech (NDT) confirmed that the positive momentum in the second half of last year continued into 2021. Revenue was up 19% overall and EBITDA came in at €5.1m, vs. a comparable €2.7m in 1Q'20. Last year caught only the very beginning of the pandemic. 2Q has continued in a similar vein, and margins are holding up,...

Hardman & Co Research Hardman & Co Research: Neodecortech (NDT): Strong FY'20 results 04-March-2021 / 16:10 GMT/BST Hardman & Co Research: Strong FY'20 results Neodecortech (NDT) announced that it had significantly outperformed its baseline projection from last summer. Trading was driven by a focus on home furnishings and new products, with turnover down only 4%, despite the closures last spring. EBITDA was a very creditable €14.6m (ahead of our €14m forecast), and net debt actually fell...

Hardman & Co Research Hardman & Co Research: Neodecortech (NDT): Upgrade following strong trading 05-Jan-2021 / 12:50 GMT/BST Hardman & Co Research: Upgrade following strong trading Neodecortech (NDT) announced that the strong trading in 3Q had continued into 4Q and it expected to significantly outperform its baseline projection from the summer. We have upgraded our forecasts and central valuation estimate to reflect this news. The trading has been driven by a focus on home furnishings and new...

Hardman & Co Research Hardman & Co Research: Neodecortech (NDT): Reassuringly robust 10-Sep-2020 / 15:45 GMT/BST Hardman & Co Research: Reassuringly robust Neodecortech (NDT) shut its main plants for several weeks in March/April, but has traded strongly since reopening. We have cut our 2020 forecasts significantly, but see 2021 bouncing back close to 2019 levels. NDT trades at a ca.36% EV/EBITDA 2021E discount to its nearest peers - an 8% increase since February. We would expect this to narrow,...