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Sparks commentary - Theon International

Industrials

Sparks - Theon International

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

Theon International announces c €50m of small orders, primarily in Europe, bringing intake for the year to €160m, with additional embedded options of c €100m. 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 commented that it is confident of further larger orders during the year, with particular benefit expected from the new augmented reality modular ecosystem of devices (A.R.M.E.D) products, which have been developed as part of the company’s new product investment. Next scheduled events include a Q2 update on 28 July and Theon International’s H1 financial report, due on 2 September.

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