Mincon Group (MCON)

Sector:

Engineering

 99.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 150.00
  • 52 Week Low: 99.00
  • Currency: UK Pounds
  • Shares Issued: 210.97m
  • Volume: 0
  • Market Cap: £208.86m

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 99.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 150.00
52 Week Low 99.00
Volume 0
Shares Issued 210.97m
Market Cap £208.86m

Mincon Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.02% below the market average77.02% below the market average77.02% below the market average77.02% below the market average77.02% below the market average
78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average
Price Trend
29.16% below the market average29.16% below the market average29.16% below the market average29.16% below the market average29.16% below the market average
31.71% below the sector average31.71% below the sector average31.71% below the sector average31.71% below the sector average31.71% below the sector average
Income
49.12% below the market average49.12% below the market average49.12% below the market average49.12% below the market average49.12% below the market average
41.67% below the sector average41.67% below the sector average41.67% below the sector average41.67% below the sector average41.67% below the sector average
Growth
76.48% above the market average76.48% above the market average76.48% above the market average76.48% above the market average76.48% above the market average
42.11% above the sector average42.11% above the sector average42.11% above the sector average42.11% above the sector average42.11% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
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Mincon Group Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Aug-19 23-May-19
Paid 27-Sep-19 21-Jun-19
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
Chair Hugh Mccullough
CFO Mark McNamara

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