Driver‘s year end update reads very positively, with PBT and cash generation ahead of expectations. Market conditions are favourable and margins are benefiting from the steps taken by the new management team in the last year or so. We upgrade FY17 PBT by 15% with an 8% upgrade rolling through for FY18. We see continuing scope for outperformance and expect today’s update to be well received, bringing confirmation that the turnaround of the Group continues post the fundraising earlier this year. I ....
21 Sep 2017
N+1 Singer - Driver Group - Forecasts upgraded on positive year end update
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
N+1 Singer - Driver Group - Forecasts upgraded on positive year end update
Driver Group Plc (DRV:LON) | 24.5 0 0.0% | Mkt Cap: 13.0m
- Published:
21 Sep 2017 -
Author:
James Tetley -
Pages:
5
Driver‘s year end update reads very positively, with PBT and cash generation ahead of expectations. Market conditions are favourable and margins are benefiting from the steps taken by the new management team in the last year or so. We upgrade FY17 PBT by 15% with an 8% upgrade rolling through for FY18. We see continuing scope for outperformance and expect today’s update to be well received, bringing confirmation that the turnaround of the Group continues post the fundraising earlier this year. I ....