Strix is a global leader in the design, manufacture and supply of kettle safety controls and other components and devices involving water heating and temperature control, steam management and water filtration.
04 Nov 2020
Capital Markets Day snap reaction
Yesterday Strix hosted a CMD, which contained a very useful ‘route map’ for investors over the next five years, which we summarise below. In addition, there is a positive update on current trading. FY 20 PBT expectations are now upgraded to c. £30.4m (from £30.2m previously), benefiting in part from the early completion of the LAICA acquisition. The shares are already up materially YTD, but Strix now has a compelling growth story for the first time.