Once again, the in-built diversity provided by having two divisions operating in different sectors and internationalisation within those two divisions shows its worth. During the first 18 weeks of FY17 a better than expected performance from the Agricultural division was balanced against a significant contract delay in the Engineering division, with the group as a whole trading in line with management’s expectations for the full year. We leave our estimates and valuation unchanged.
11 Jan 2017
Diversity helps keep group on track
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Diversity helps keep group on track
Carr's Group PLC (CARR:LON) | 112 -2.8 (-2.2%) | Mkt Cap: 105.9m
- Published:
11 Jan 2017 -
Author:
Anne Margaret Crow -
Pages:
3
Once again, the in-built diversity provided by having two divisions operating in different sectors and internationalisation within those two divisions shows its worth. During the first 18 weeks of FY17 a better than expected performance from the Agricultural division was balanced against a significant contract delay in the Engineering division, with the group as a whole trading in line with management’s expectations for the full year. We leave our estimates and valuation unchanged.