The cautious mid-term guidance was reassuring, but not exiting, reflecting that the inflationary pressure in the US will continue to weigh on the operating margin in the near term. The voluntary selective asset disposal will temporarily affect top-line growth in Europe. However, the group is seeking to unlock the value of its motorway business (more than 30% of the group’s business), which should be taken positively, as the high fixed cost and high seasonality of the business put pressu
06 Jun 2019
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Getting in better shape through portfolio optimisation
ANGLE plc (AGL:LON) | 12.5 0 0.0% | Mkt Cap: 32.6m
- Published:
06 Jun 2019 -
Author:
Jie Zhang -
Pages:
3
The cautious mid-term guidance was reassuring, but not exiting, reflecting that the inflationary pressure in the US will continue to weigh on the operating margin in the near term. The voluntary selective asset disposal will temporarily affect top-line growth in Europe. However, the group is seeking to unlock the value of its motorway business (more than 30% of the group’s business), which should be taken positively, as the high fixed cost and high seasonality of the business put pressu