Eco City Vehicles (LON:ECV) - Steady progress
Sep 30th 2010 - Edison Investment Research today published a report on Eco City Vehicles (ECV.L, LSE:ECV, LON:ECV) entitled "Steady Progress". In summary, the report says:
Despite the tough trading climate, Eco City Vehicles (ECV) remains on course to deliver underlying profits in the current year. A revenue shortfall, relative to expectations, has not impaired gross profits and the medium-term outlook continues to improve. Developments in the group's aftermarket business should lift margins over the next few years, but gearing remains very high.
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