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FY17 results: Growth continues

Update | General Industrials | 06 Mar 2018

2017 was another year of healthy growth extending Datron’s powerful recovery following the years of economic crisis. On the basis of management guidance for the current year, the shares trade at 15.0x earnings. Further growth is expected in 2019 which could drive margins to the previous level of 10% and beyond.


A strong niche player

Initiation | General Industrials | 05 Oct 2017

Datron is a technologically advanced and innovative engineering company addressing the market for high-speed milling equipment and supplies. It is currently underrepresented in international markets, which creates the prospect for incremental growth. Sales of replacement tools for its own and third-party machines are another source of potential revenue growth. This should drive restoration in profit margins to pre-crisis levels of near 10% at EBIT level attained in 2011 and beyond.