We believe RM has achieved a ‘clean sweep', with each of its three divisions outperforming. At a group level, we estimate this has led to c.£2m (adj. EBIT) outperformance i.e. results could be 10% ahead of £19.1mE. Cash was also strong – £13.4m of net debt is well ahead of £20.7mE. We leave our existing FY18 forecasts unchanged, pending further information, expected at the prelims in February.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Positive Y/E trading update
- Published:
07 Dec 2017 -
Author:
Cavendish Research -
Pages:
2
We believe RM has achieved a ‘clean sweep', with each of its three divisions outperforming. At a group level, we estimate this has led to c.£2m (adj. EBIT) outperformance i.e. results could be 10% ahead of £19.1mE. Cash was also strong – £13.4m of net debt is well ahead of £20.7mE. We leave our existing FY18 forecasts unchanged, pending further information, expected at the prelims in February.