Both of Carr’s Group’s divisions have continued to operate throughout the coronavirus lockdowns as they serve key markets. While adjusted PBT was 17% lower year-on-year during FY20 because of an unseasonably mild winter in the UK and delays in engineering contracts, a pick-up in US cattle prices at the year-end helped deliver a full-year result ahead of our estimates, which were revised down in March.
23 Nov 2020
Carr's Group - Serving defensive markets
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Carr's Group - Serving defensive markets
Carr's Group PLC (CARR:LON) | 112 0 0.0% | Mkt Cap: 105.9m
- Published:
23 Nov 2020 -
Author:
Anne Margaret Crow -
Pages:
8
Both of Carr’s Group’s divisions have continued to operate throughout the coronavirus lockdowns as they serve key markets. While adjusted PBT was 17% lower year-on-year during FY20 because of an unseasonably mild winter in the UK and delays in engineering contracts, a pick-up in US cattle prices at the year-end helped deliver a full-year result ahead of our estimates, which were revised down in March.