Carr’s Group notes that the continued recovery in UK agriculture, supported by improving farmer confidence, is offsetting weak demand in the US for feed blocks caused by a surplus of cattle following a period of restocking. Importantly, management is seeing the first signs of recovery in the US market. This, together with a strong order book for the remote handling activity and improved prospects for the UK Manufacturing activity, underpin our expectations of profit recovery next year. We leave ....
20 Jul 2017
Contract award supports FY18 profit recovery
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Contract award supports FY18 profit recovery
Carr's Group PLC (CARR:LON) | 124 -1.9 (-1.2%) | Mkt Cap: 117.5m
- Published:
20 Jul 2017 -
Author:
Anne Margaret Crow - Pages:
Carr’s Group notes that the continued recovery in UK agriculture, supported by improving farmer confidence, is offsetting weak demand in the US for feed blocks caused by a surplus of cattle following a period of restocking. Importantly, management is seeing the first signs of recovery in the US market. This, together with a strong order book for the remote handling activity and improved prospects for the UK Manufacturing activity, underpin our expectations of profit recovery next year. We leave ....