Directa Plus on track to achieve market expectations

(Sharecast News) - Graphene-based products producer and supplier Directa Plus updated the market on its current financial year ending 31 December on Thursday, reporting that it had made "good progress" during the second half of the year.The AIM-traded firm said it had orders and agreements signed for textiles, environmental and composites for both 2018 and 2019 during the period.As a result, it said it was confident of achieving consensus market estimates for the year ending 31 December, including revenues of €2.3m."2018 has been a good year for Directa Plus, in terms of accelerating commercial traction, agreements and collaborations signed and orders for our products this year and 2019," said founder and chief executive officer Giulio Cesareo."We also repositioned ourselves in the key verticals we target for G+ products in order to move up the value chain, selling more than just pristine graphene nanoplatelets, so as to capture additional value for our shareholders."Looking forward we now have clearer visibility of a proportion of next year's revenue, and as such the board looks forward to 2019 with increasing confidence."