Updates

SQS - Managed services now 34% of work

April 2013

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Results for 2012 show SQS continues to move towards its stated target of revenues of €500m in the medium term and to reduce its reliance on regular routine work but there is still much to go for. For the year to 31 December sales lifted by 11% to €210m in a market, which was fairly static - and so SQS continues taking market share. Pretax profit showed faster growth, up 26% to €9.2m, driven by better margins. Eps went up by 33% to €0.24 and net debt was down by 36% to €7.9m.The key note is that managed services work accounted for 34% of sales, up from 22% a year earlier with all contracts that had been up for renewal successfully retained (explaining the €101m order intake). At the same ti ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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