Kromek’s end-of-year statement triggers sell-off

The price of shares in AIM-listed detection technology specialist Kromek Group (LON:KMK) tumbled 12.92% to 17.42p (as of 13:55 BST) after it said that business had been impacted since the end of February due to constraints placed on suppliers and customers. Revenues for the year ended 30th April are now expected to be flat relative to the prior year and adjusted EBITDA will be break even.

Management said that they could not provide accurate guidance for the new financial year due to the uncertainty surrounding COVID-19, they but believe the fundamentals of the group remain sound.