Strix Group (KETL)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM 100

68.30p
   
  • Change Today:
      1.90p
  • 52 Week High: 112.60
  • 52 Week Low: 52.80
  • Currency: UK Pounds
  • Shares Issued: 218.71m
  • Volume: 457,329
  • Market Cap: £149.38m

Strix maintains expectations in 'challenging' environment

By Josh White

Date: Thursday 26 May 2022

LONDON (ShareCast) - (Sharecast News) - Kettle safety and water filtration developer Strix said in an update on Thursday that, based on its performance in the year-to-date, it was maintaining its trading expectations for the full year.
The AIM-traded firm, which was holding its annual general meeting, said that since its full-year results, the global outlook had weakened, and headwinds were persisting, implying that it would continue to face a "challenging" operating environment.

Chief executive officer Mark Bartlett said the company had, however, successfully implemented further product price increases across its full kettle controls range and water categories, with the most recent taking effect on 1 May.

"This, alongside a range of continued strategic efficiency measures including the adoption of lean and automated processes at the new manufacturing operations, foreign exchange rate and commodity hedging arrangements has continued to minimise the impact of ongoing cost inflation," Bartlett said.

"We continue to monitor the evolving situation in China and, to date, our manufacturing operations within Zengcheng district in Guangzhou have not been materially affected.

"We continue to take a proactive approach to minimise potential supply chain disruption by increasing levels of finished stock and holding stock in multiple districts."

Mark Bartlett said that overall, Strix had a "robust" business model, remained in a "strong" financial position and, through adopting a "disciplined and dynamic" approach to its strategy, delivered a "resilient performance" during prior macroeconomic cycles and during the Covid-19 pandemic.

"We remain confident in our ability to navigate current uncertainties and deliver on the current expectations for the full year and against our medium-term targets."

At 1051 BST, shares in Strix Group were up 0.21% at 187.2p.

Reporting by Josh White at Sharecast.com.

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

 

Strix Group Market Data

Currency UK Pounds
Share Price 68.30p
Change Today 1.90p
% Change 2.86 %
52 Week High 112.60
52 Week Low 52.80
Volume 457,329
Shares Issued 218.71m
Market Cap £149.38m

Strix Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
94.12% above the sector average94.12% above the sector average94.12% above the sector average94.12% above the sector average94.12% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
12.82% below the sector average12.82% below the sector average12.82% below the sector average12.82% below the sector average12.82% below the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
86.67% above the sector average86.67% above the sector average86.67% above the sector average86.67% above the sector average86.67% above the sector average
Growth
Market averageMarket averageMarket averageMarket averageMarket average
64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Strix Group Dividends

  Latest Previous
  Interim Final
Ex-Div 16-Nov-23 29-Jun-23
Paid 29-Dec-23 11-Aug-23
Amount 0.90p 3.25p

Trades for 28-Mar-2024

Time Volume / Share Price
15:30 310 @ 67.38p
15:27 324 @ 68.30p
15:27 310 @ 67.84p
15:20 1,465 @ 67.84p
15:03 8,865 @ 67.57p

Strix Group Key Personnel

CEO Mark Victor Edward Bartlett
CFO Clare Foster

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