Flash note from Edison
Fluence-Corporation-10m-desalination-contract-win Edison.pdf
Bold text added by me for emphasis.
"This win represents a further success for Fluence’s CES business, having alreadysecured large contract wins this year in Ivory Coast and Egypt ($188m and $20mrespectively). As we expect only c $4m of the contract value to be recognised asrevenue in FY19, we make no changes to our numbers at this point. However, itdoes increase our confidence that these forecasts will be achieved. In Exceptionalbookings growth (published on 2 May 2019), we highlighted that visibility on 88% ofour $152m FY19 revenue forecast was underpinned by existing bookings andcompany guidance that Smart Product Solutions revenues will at least double. Thiswin raises that coverage to 91% and suggests the company needs to generate just$14m from new business in the remainder of FY19."
Add to My Watchlist
What is My Watchlist?
