Elektron Technology (AIM:EKT) results don’t say too much but surely some focus needed
Interim results were broadly alright but it’s tough to gain a proper understanding of what this business really does and how it’s ultimately going to deliver meaningful returns to shareholders.
Elektron designs, manufacture and markets innovative technology products for a connected world. Their solutions can be found in all arenas, from the scientific and medical to the industrial and commercial. The Group is trying to rebalance the business and invest in establishing a high growth portfolio of brands for the longer term. “The Group’s strategy is to invest in fledgling brands and products within the portfolio that are capable of substantial growth whilst ensuring that cash flow from the lower growth established brands is maximised by strictly controlling costs and defending existing market positions where possible.” A brief glance at…