Last checked at 22 Nov 2018 07:00
22 November 2018
Directa Plus plc
("Directa Plus" or the "Company")
Trading Update
Directa Plus (AIM: DCTA), a producer and supplier of graphene-based products for use in consumer and industrial markets, is pleased to provide a trading update in respect of its current financial year ended 31 December 2018.
The Company has made good progress during the second half of 2018, with orders and agreements signed for Textiles, Environmental and Composites for both 2018 and 2019. Accordingly, the Board is confident of achieving consensus market estimates for the year ended December 2018, including revenues of €2.3 million.
Commenting, Giulio Cesareo, Founder and CEO of Directa Plus, said: "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. 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."
For further information please visit http://www.directa-plus.com/ or contact:
Directa Plus plc | +39 02 36714458 |
Giulio Cesareo, CEO |
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Marco Ferrari, CFO |
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Cantor Fitzgerald Europe (Nominated Adviser and Joint Broker) | +44 20 7894 7000 |
Rick Thompson, Philip Davies Will Goode(Corporate Finance) |
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Caspar Shand Kydd (Sales) |
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N+1 Singer (Joint Broker) | +44 20 7496 3069 |
Mark Taylor, Lauren Kettle |
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Tavistock (Financial PR and IR) | +44 20 7920 3150 |
Simon Hudson, Sophie Praill, Edward Lee |
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About Directa Plus
Directa Plus is principally focussed on the two sectors in which it has a strong commercial advantage through developed and launched products and a technological lead: environmental (based on our Grafysorber® product) and textiles (based on our G+ products). In addition, the Company will continue to pursue opportunities in elastomers and composites (including tyres and asphalt), also using G+ products. All Directa Plus products are hypoallergenic, non-toxic and sustainably produced.
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