Directa Plus - Deep Dive22 Apr 2021 17:23
Great overview for anyone looking to invest
Snapshot
Italy-based firm floated on AIM in 2016
Incorporating graphene into textiles, pollution treatments, road surfaces and tyres
The "miracle material" is 200-times stronger than steel, transparent and can conduct heat and electricity
https://www.proactiveinvestors.co.uk/companies/news/218240/directa-plus-pioneers-graphene-use-as-sector-evolves-218240.html
What it does
Textiles
Directa Plus PLC (LON:DCTA) has signed deals with consumer brands Oakley and Bioracer, which used the company’s Graphene Plus (G+) to launch a cycling jersey in early July.
Alfredo Grassi, another customer, is one of Italy’s largest workwear suppliers while G+ will also be used to treat a range of jeans made by Arvind, one of India’s top textile groups.
Directa Plus is also part of a €1mln EU-sponsored initiative to develop a digital printing method for textiles using graphene.
Transport, oil and gas
Directa is working with Marangoni – one of Italy’s leading re-tread companies – to produce better performing tyres for commercial buses and lorries.
Cycle tyre maker Vittoria was the first manufacturer to use Directa’s products, firstly in a carbon fibre wheel, and then in “intelligent” bicycle tyres.
Grafysorber
In the oil and gas sector, the firm has joined forces with Italian firm Sartec to develop a commercial-scale industrial system using its graphene-based Grafysorber product for treating oil-contaminated produced water.
Directa owns a majority stake in oil services partner, Romanian firm Setcar.
How it is doing
The end of May 2021 will see Giorgio Bonfanti take up the position of chief financial officer. Bonfanti has been employed by the global accountancy network PwC since 2014, working out of their Milan office. His most recent role was as a senior manager in their Deals practice, which is focussed on assistance with stock exchange listings, due diligence, company valuations, business plans, financial restructuring and accounting audits.
The company had a good 2020, beating revenue guidance. Turnover for 2020 is expected to clock in at around €6.7mln; the company had previously issued guidance for 2020 of €6.5mln for revenues.
The momentum continued into 2021, with revenues in the first quarter expected to be some 20% higher year-on-year at roughly €1.8mln.
The group’s order book stands at around €4.3mln and is expected to be delivered over the remainder of this year, while the order pipeline was described as “strong”.
Progress at the group's environmental subsidiary, Setcar, continues to be very positive, the group said.
Deals and partnerships continue to flow through at a healthy pace.
The latest was a technical and commercial agreement with NexTech Batteries, a company in the field of lithium-sulphur batteries based in Nevada.Under the agreement, Directa will supply NexTech with its pristine graphene nanoplatelets, a key raw material for manufacturing the cathode