FY2015 results are slightly ahead of forecasts, with adj PBT £46.6m vs. our expected £45.1m. On a divisional basis, Genus PIC performed slightly ahead of expectations (adj op profit £61.9m vs. our £59.0m), Genus Asia below (adj op profit £5.5m vs. our £7.1m), and Genus ABS in line with our estimates (adj op profit £24.0m vs. our £24.3m). Adj operating profit incl. JVs was up 14% during the period (+18% in constant currency). The outlook strikes a cautious note, highlighting lower YoY Porcine pri ....
08 Sep 2015
FY2015 slightly ahead, outlook cautious
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FY2015 slightly ahead, outlook cautious
Genus plc (GNS:LON) | 1,749 419.8 1.4% | Mkt Cap: 1,155m
- Published:
08 Sep 2015 -
Author:
Dr Jens Lindqvist -
Pages:
3
FY2015 results are slightly ahead of forecasts, with adj PBT £46.6m vs. our expected £45.1m. On a divisional basis, Genus PIC performed slightly ahead of expectations (adj op profit £61.9m vs. our £59.0m), Genus Asia below (adj op profit £5.5m vs. our £7.1m), and Genus ABS in line with our estimates (adj op profit £24.0m vs. our £24.3m). Adj operating profit incl. JVs was up 14% during the period (+18% in constant currency). The outlook strikes a cautious note, highlighting lower YoY Porcine pri ....