News: BWX BWX Launches $50M Equity Raising

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    July 16 (Reuters) - BWX Ltd (BWX) :

    • LAUNCHES $50M EQUITY RAISING
    • DELIVERS FY20 REVENUE GROWTH OF 25% AND EBITDA GROWTH OF 30%
    • BWX EXPECTS ONGOING GROWTH IN REVENUE AND EBITDA OF AT LEAST 10% IN FY21
    • EXPECTS ONGOING GROWTH IN REVENUE AND EBITDA OF AT LEAST 10% IN FY21
    • OUTLOOK FOR FY21 WILL BE FURTHER BOOSTED BY A $4.5 MILLION NPAT BENEFIT
    • PLACEMENT AT $3.40 PER SHARE
    • NEW OPERATIONS FACILITY EXPECTED TO UNLOCK SIGNIFICANT INCREMENTAL EBITDA GROWTH OVER & ABOVE THREE YEAR STRATEGIC PLAN
    • NEW OPERATIONS FACILITY EXPECTED TO BE EPS ACCRETIVE IN FY23 AND ONWARDS
 
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