StockMarketWire.com - Business continuity specialist Shearwater Group has reported "resilient performance" for the six months ending 30 September 2020, despite a fall in revenue.

Ahead of the publication of its interim results, Shearwater said it expected to report revenue of approximately £11 million for the first half of the year, down from £16.3 million in the same period last year, while earnings were likely to be unchanged at £1 million.

The company won new business and renewals and reported strong cash generation during the period, improving the strength of the balance sheet, while delivering on its strategic roadmap.

While COVID-19 has delayed client decision making processes, resulting in contract deferrals, the company said it did not have much exposure to sectors most affected by the pandemic.


At 9:35am: [LON:SWG] Shearwater Group Plc share price was 0p at 160p



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