26 September 2019
Enteq Upstream ‘delivering growth well in excess of its end-market’
Proactive Research analyst Ed Stacey discusses Enteq Upstream’s first half trading.
The company reported that revenues are expected to be up +50% year-on-year, with adjusted EBITDA doubling for the period.
These figures are ahead of previous management expectations.
Stacey says the revenue figure demonstrates that Enteq continues to deliver growth well in excess of its end-market. In particular, he says, Enteq benefited from large orders from China, which has been a target market for growth.
Original Article