Business
Trading Statement
Trading Statement.
About this update from Directa Plus Plc
[{"type":"text","content":"\n \n \n This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 as retained as part of UK law by virtue of the European Union (Withdrawal) Act 2018 (as amended). Upon the publication of this announcement, this inside information is now considered to be in the public domain\n \n \n \n \n \n 1 September 2022\n \n \n \n \n \n \n Directa Plus plc\n \n \n \n (\"Directa Plus\" or the \"Company\")\n \n \n \n \n \n \n Trading Update and Notice of Results\n \n \n \n \n \n \n \n \n Directa Plus (AIM: DCTA), a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, is pleased to provide a trading update ahead of the announcement of its half year results for the six months to 30 June 2022 on 29 September 2022.\n \n \n \n \n \n \n Trading\n \n \n \n Further to the AGM statement announcement on 17 June 2022, Directa Plus continues to perform strongly and has delivered robust H1 2022 results across all verticals. As a result, based on its unaudited management accounts, the Company now expects to report that total revenues for H1 2022 have grown c.39% to €5.5m (H1 2021: €3.95m), driven by strong performance across all verticals.\n \n \n \n \n \n Despite the uncertainty in the macro-economic climate caused by the Ukraine war, rising inflation driven by energy cost increases, and fears of recession, the Company continues to generate growing interest and awareness from global players across its different verticals.\n \n \n \n \n \n The Company is responding to the inflation trends, which in H1 2022 led to cost increases and a reduction in margins. The Company has invested in manufacturing equipment which the Board expects to deliver productivity gains and margin efficiencies in H2 that will materially reduce direct production costs.\n \n \n \n \n \n The Board is confident of the Company's continued growth trend and expects to deliver revenue growth of greater than 40% year-on-year (FY2021: €8.6m).\n \n \n \n \n \n \n Environmental Remediation\n \n \n \n Directa Plus still awaits the final decision on the award of a significant tender in Romania for its Environmental Remediation services, and the Directors continue to believe that the Company is well positioned to win the tender.\n \n \n &nb...