Carr's Group (CARR LN, BUY, T/P 185p) reported a 9.9% revenue increase to £346.2m in the year to 2nd September 2017, which was ahead of Bloomberg expectations of a £333m outcome and our own £335m estimate. However, profitability was severely hampered by both US agriculture and a well flagged engineering contract delay. That said, the current year has started well and full year dividends are proposed to increase by 5.0% to 4.0p.
13 Nov 2017
Troublesome Year Delivers In Line Results - Sales Rise 9.9%
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Troublesome Year Delivers In Line Results - Sales Rise 9.9%
Carr's Group PLC (CARR:LON) | 123 12.9 9.2% | Mkt Cap: 115.8m
- Published:
13 Nov 2017 -
Author:
Chris Wickham -
Pages:
4
Carr's Group (CARR LN, BUY, T/P 185p) reported a 9.9% revenue increase to £346.2m in the year to 2nd September 2017, which was ahead of Bloomberg expectations of a £333m outcome and our own £335m estimate. However, profitability was severely hampered by both US agriculture and a well flagged engineering contract delay. That said, the current year has started well and full year dividends are proposed to increase by 5.0% to 4.0p.