Carr’s strategy of innovation, investment and internationalisation has delivered another record year of profits despite challenging markets for all three divisions. We expect this strategy to mitigate the impact of continued weakness in the markets served, enabling the group to maintain profit at these record levels. We revise our estimates to reflect market conditions and see fair value at 199p/share (previously 203p/share).
09 Nov 2015
Record year of profits
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Record year of profits
Carr's Group PLC (CARR:LON) | 112 -2.8 (-2.2%) | Mkt Cap: 105.9m
- Published:
09 Nov 2015 - Author:
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Pages:
7
Carr’s strategy of innovation, investment and internationalisation has delivered another record year of profits despite challenging markets for all three divisions. We expect this strategy to mitigate the impact of continued weakness in the markets served, enabling the group to maintain profit at these record levels. We revise our estimates to reflect market conditions and see fair value at 199p/share (previously 203p/share).