Sarine Technologies - Capital equipment sales gradually recovering
Sarine’s FY17 results were under pressure from excessive polished diamond inventories in H217 and continued illicit competition in India. However, Q417 saw a sequential increase in capital equipment sales, with 11 Galaxy family systems delivered during the quarter and a total installed base of 345 systems as at end-2017 vs 299 in 2016. Midstream inventory levels seem to have normalised and scanning activity is picking up. Management confirmed its positive consumer demand outlook for FY18.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.