Sparks commentary - Theon International

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Sparks - Theon International

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Theon (AMS:THEON) c€50m new orders and positive guidance.
Published by David Larkam

Theon announces c.€50m of small orders, primarily in Europe, bringing intake for the year to €160 million, with additional embedded options of c.€100 million. This provides confidence for management to suggest that revenue for the year will be at the upper end of previous guidance of €410-430m. Management also comment that they are confiident of further larger orders in the year with particular benefit from the new A.R.M.E.D (Augmented Reality Modular Ecosystem of Devices) products which have been developed as part of the new product investment. Next scheduled events –  Q2 update July 28 and H1 financial report September 2.

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