Capital Access Group - Sulnox | 2QFY27 trading update – 45% YoY revenue growth
Research on Sulnox Group PLC (SNOX) from Capital Access Group
Sulnox continues to grow rapidly, generating record revenue in the quarter to June of £984k, up 19% QoQ and up 45% YoY. For the first six months revenue increased 48% YoY to £1,809k. Towards the end of the quarter, Sulnox announced a new four-year supply contract with Spring Marine adding to the record new four-year supply deal announced with Eastern Pacific Shipping at the end of 1QFY27. Together with underlying growth in the rest of the business, these contracts should see an acceleration in volume and revenue growth across the balance of the year, propelling the company to a near trebling in revenue YoY for FY27, based on our unchanged forecasts.
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