The recovery in both US feed block sales and the UK manufacturing businesses noted at Carr’s Group’s AGM in January has continued throughout H118. This has resulted in a 22% improvement in adjusted PBT year-on-year and a slight over-performance compared with management’s expectations. H218 has started well, so we raise our estimates and adjust our indicative valuation from 167p/share to 169p/share.
16 Apr 2018
Carr's Group - Recovery continues
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Carr's Group - Recovery continues
Carr's Group PLC (CARR:LON) | 122 -2.4 (-1.6%) | Mkt Cap: 115.4m
- Published:
16 Apr 2018 -
Author:
Anne Margaret Crow -
Pages:
6
The recovery in both US feed block sales and the UK manufacturing businesses noted at Carr’s Group’s AGM in January has continued throughout H118. This has resulted in a 22% improvement in adjusted PBT year-on-year and a slight over-performance compared with management’s expectations. H218 has started well, so we raise our estimates and adjust our indicative valuation from 167p/share to 169p/share.