TMT: Software and comp services – AIM – M cap £16m – Price 7.50p – Spotlight — update
CORDEL GROUP - On the right track
Cordel’s demonstrated solid H1 revenue growth to £2.3m (+16% y-o-y), with expanded gross margins and modest operating cost increases reducing losses. Recent contract momentum and a healthy pipeline position the company for a strong H2. Longer term, with expanding gross margins, a significantly enlarged international customer base and the Positive Train Control (PTC) development now well underway, we believe Cordel looks well-placed to deliver sustained, operationally geared revenue growth.
Cordel Group: Edison
Jan 27, 2025Disclaimer & Declaration of Interest
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