Mar 14th 2012 - Edison Investment Research today published a report on KBC Advanced Technologies (KBC.L, LSE:KBC, LON:KBC) entitled "Diversification Drive". In summary, the report says:
KBC performed robustly in 2011. It grew earnings by 29%, boosted by the Pemex contract and supported by the company’s service capability, which spans the refining economic cycle. The same factors, supplemented by growth in software sales, should support further good performance in 2012. The rating is undemanding, with progress in filling up the 2013 backlog the key catalyst for upside.
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