New management has announced a restructuring and efficiency programme, which promises to uplift profit by c.25% (vs FY17/18 performance). The one-time impact is also not a concern, with a pay-back period of less than 1.5 years (if implemented successfully). We will revise our financial updates and stock recommendation upwards.
30 Apr 2019
New management kick-starts action
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New management kick-starts action
New management has announced a restructuring and efficiency programme, which promises to uplift profit by c.25% (vs FY17/18 performance). The one-time impact is also not a concern, with a pay-back period of less than 1.5 years (if implemented successfully). We will revise our financial updates and stock recommendation upwards.