Performance during the first 18 weeks of FY18 indicates that the recovery in both divisions that was predicted by Carr’s management is well underway. As the group is trading in line with management’s expectations for the full year, we leave our estimates and valuation unchanged except for an upward revision to revenues to reflect higher commodity prices.
09 Jan 2018
Carr's Group - Recovery on track
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Carr's Group - Recovery on track
Carr's Group PLC (CARR:LON) | 122 -2.4 (-1.6%) | Mkt Cap: 115.4m
- Published:
09 Jan 2018 -
Author:
Anne Margaret Crow -
Pages:
3
Performance during the first 18 weeks of FY18 indicates that the recovery in both divisions that was predicted by Carr’s management is well underway. As the group is trading in line with management’s expectations for the full year, we leave our estimates and valuation unchanged except for an upward revision to revenues to reflect higher commodity prices.