Wynnstay Group (‘Wynnstay’) has issued a trading statement today (21 March 2019) ahead of its AGM on the 26 March 2019. Whilst Q1 (November to January) was in line with management expectations, Q2 has seen a rapid deterioration in the trading environment. Due to tough trading conditions across the industry and farming sentiment somewhat uncertain surrounding Brexit, management prudently anticipates FY2019 to be substantially below current market expectations. Therefore, we downgra
21 Mar 2019
Tough Q2 trading conditions; prudent downgrades
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Tough Q2 trading conditions; prudent downgrades
Wynnstay Group plc (WYN:LON) | 355 0 0.0% | Mkt Cap: 81.6m
- Published:
21 Mar 2019 -
Author:
Akhil Patel -
Pages:
4
Wynnstay Group (‘Wynnstay’) has issued a trading statement today (21 March 2019) ahead of its AGM on the 26 March 2019. Whilst Q1 (November to January) was in line with management expectations, Q2 has seen a rapid deterioration in the trading environment. Due to tough trading conditions across the industry and farming sentiment somewhat uncertain surrounding Brexit, management prudently anticipates FY2019 to be substantially below current market expectations. Therefore, we downgra