Strix Group: FY results show some positive progress

Strix is seeing improving trading conditions, with continued recovery in Consumer Goods and stronger volumes in Controls. New CEO Andy Rainforth has outlined a refreshed growth strategy focused on innovation and technology, while the group has strengthened its balance sheet after a successful asset sale, ending the period with £38m of net cash. Despite the positive start to the year, forecasts remain unchanged and our fair value estimate has been revised slightly lower to 59p per share from 62p, reflecting changes in the valuation multiples of listed peers. #Strix #KETL #EquityResearch #AnalystOverview #StockMarket #Investing #SmallCaps #UKStocks #ConsumerGoods #Technology #InvestorInsights #EquityDevelopment Read our research note here: https://www.equitydevelopment.co.uk/research/fy-results-show-some-positive-progress