GYG (GYG)

Sector:

Commercial Transport

Index:

FTSE AIM All-Share

 41.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 89.00
  • 52 Week Low: 41.00
  • Currency: UK Pounds
  • Shares Issued: 46.63m
  • Volume: 0
  • Market Cap: £19.12m
  • RiskGrade: 270
  • Beta: 0.53

GYG order book strong after tough 2020

By Josh White

Date: Monday 26 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Superyacht service and supply company GYG reported a 7.7% fall in group revenue in its final results on Monday, to €58.9m (£51.2m).
The AIM-traded firm said revenue for coatings, both refit and new build, was down 5.4% to €50.8m for the year ended 31 December, while supply revenue slid 19.8% to €8.1m.

Its adjusted EBITDA, however, rose 15.6% to €5.2m, with the company reporting exceptional costs of €1.0m, driven mainly by the Covid-19 pandemic.

Operating profit was down 7.7% to €1.2m, and profit before tax came in at €0.2m for the year, compared to €0.8m at the end of 2019.

GYG's net debt position widened to €11.8m as at 31 December, from €8.2m a year earlier, while cash at year-end stood at €3.6m, down from €5.5m year-on-year.

During the year, the company agreed amended banking facilities with improved repayment terms.

"2020 has been an exceptional year of trading considering the operational challenges created by Covid-19," said chief executive officer Remy Millott.

"I am proud of how GYG has responded and adapted to the considerable disruptions.

"We have focused on maintaining our premium service to clients and I would like to thank the whole team for their incredible hard work and effort."

Millott said that, despite the "unprecedented" events, the company's market position and fundamentals remained strong, but also demonstrated how its "diversified, global model" has created an opportunity to grow its market share and improve its operational model.

"As a direct result of management's strategy to drive market share in new build and the ongoing new business development programmes we have been working through since 2019, our order book continued to build throughout the year.

"I am pleased with the strong start to the year - the record order book and favourable sales mix provides greater visibility enabling us to further improve operational efficiencies and continue to focus on enhancing margins."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GYG Market Data

Currency UK Pounds
Share Price 41.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 89.00
52 Week Low 41.00
Volume 0
Shares Issued 46.63m
Market Cap £19.12m
Beta 0.53
RiskGrade 270

GYG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
2.6% below the market average2.6% below the market average2.6% below the market average2.6% below the market average2.6% below the market average
5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average
Price Trend
93.31% below the market average93.31% below the market average93.31% below the market average93.31% below the market average93.31% below the market average
78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average
Income Not Available
Growth
26.37% below the market average26.37% below the market average26.37% below the market average26.37% below the market average26.37% below the market average
5.26% above the sector average5.26% above the sector average5.26% above the sector average5.26% above the sector average5.26% above the sector average

GYG Dividends

  Latest Previous
  Final
Ex-Div 03-May-18
Paid 15-Jun-18
Amount 3.20p

Trades for --2021

Time Volume / Share Price
0 @ 0.000p

GYG Key Personnel

CEO Remy Millott
CFO Kevin McNair

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