The quarterly results were impacted by the frontloading of the bulk of the impact of the disastrous transfer of TSB’s IT. On the other hand, underlying trends were in line with management’s expectations which reiterated full-year guidance. We believe that the group’s 2020 financial objectives, which stand notably above consensus’s expectations, remain valid.
30 Jul 2018
TSB’s IT mess impact largely behind
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TSB’s IT mess impact largely behind
Banco de Sabadell SA (SAB:WBO) | 0 0 0.8% | Mkt Cap: 10,227m
- Published:
30 Jul 2018 -
Author:
David Grinsztajn -
Pages:
2
The quarterly results were impacted by the frontloading of the bulk of the impact of the disastrous transfer of TSB’s IT. On the other hand, underlying trends were in line with management’s expectations which reiterated full-year guidance. We believe that the group’s 2020 financial objectives, which stand notably above consensus’s expectations, remain valid.