Jun 30th 2010 - Edison Investment Research today published a report on Eco City Vehicles (ECV.L, LSE:ECV, LON:ECV) entitled "Beginning To Motor". In summary, the report says:
Eco City Vehicles (ECV) is beginning to motor. Last year's revenues were up by 30%, with the promise of further strong growth in the current year. Management has strong ambitions both for the Mercedes Benz Vito taxi (Vito) and to extend into the hybrid commercial vehicle market. It is still too early to make confident medium-term predictions, but many of the signs seem to be pointing in the right direction.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »