After downgrading the FY19 outlook during the half-yearly results, management has now issued a severe profit warning. Besides the weaker-than-expected order intake, it expects the profitability from its existing projects to be significantly lower. We will trim our financial estimates materially.
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Profit warning drives downgrade
- Published:
19 Sep 2019 -
Author:
Mohit Rathi -
Pages:
2
After downgrading the FY19 outlook during the half-yearly results, management has now issued a severe profit warning. Besides the weaker-than-expected order intake, it expects the profitability from its existing projects to be significantly lower. We will trim our financial estimates materially.