Mincon Group (MCON)

Sector:

Engineering

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 101.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 153.00
  • 52 Week Low: 100.00
  • Currency: UK Pounds
  • Shares Issued: 210.97m
  • Volume: 0
  • Market Cap: £214.14m

Mincon revenues soar as sales of own-brand products increase

By Iain Gilbert

Date: Thursday 25 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Irish engineering group Mincon saw own-brand sales increase in the first quarter of its trading year, resulting in improved revenues for the group as a whole.
Revenues grew 24% year-on-year as Mincon manufactured product sales shot up 30%.

On Thursday, Mincon told investors that it was continuing its strategy of improving its product mix by manufacturing what it sells itself.

Mincon-branded products represented 86% of sales in the first quarter, compared to 81% last year, after the group reviewed its manufacturing capabilities and built itself up to a level where it was capable of meeting customer orders in a "normal commercial timeframe".

"This allows us to focus on the efficiency of delivery and margins, and to reduce the extra overhead that had come into place to meet the last phase of growth, before we meet the service requirements of the new direct sales coming on stream through the rest of the year," said Mincon.

Third party sales dipped 5%, as expected.

"Our manufacturing and delivery, which has been an issue for the last two years, has caught up with our sales growth, and now that we can deliver in accordance with the customer requirements, we can focus on the efficiency of our factories and the value from our customer centres."

As of 1135 Mincon shares had picked up 1.98% to 103p.

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Mincon Group Market Data

Currency UK Pounds
Share Price 101.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 153.00
52 Week Low 100.00
Volume 0
Shares Issued 210.97m
Market Cap £214.14m

Mincon Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.56% above the market average75.56% above the market average75.56% above the market average75.56% above the market average75.56% above the market average
85.00% above the sector average85.00% above the sector average85.00% above the sector average85.00% above the sector average85.00% above the sector average
Price Trend
9.18% below the market average9.18% below the market average9.18% below the market average9.18% below the market average9.18% below the market average
21.95% below the sector average21.95% below the sector average21.95% below the sector average21.95% below the sector average21.95% below the sector average
Income
81.98% above the market average81.98% above the market average81.98% above the market average81.98% above the market average81.98% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
77.81% above the market average77.81% above the market average77.81% above the market average77.81% above the market average77.81% above the market average
47.37% above the sector average47.37% above the sector average47.37% above the sector average47.37% above the sector average47.37% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Mincon Group Dividends

  Latest Previous
  Final Interim
Ex-Div 23-May-19 30-Aug-18
Paid 21-Jun-19 25-Sep-18
Amount 1.05¢ 1.05¢

Trades for --2019

Time Volume / Share Price
0 @ 0.000p

Mincon Group Key Personnel

CEO Joseph Purcell
COO Peter Lynch
CFO Mark McNamara

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