Carclo’s H120 results show that the remaining businesses following the exit from Wipac in December provide a basis for a sustainable group going forward. The continuing businesses generated £56.1m revenues and £3.3m underlying EBIT. However, there remain significant challenges in reaching agreement on long-term funding with the lending bank and pension trustee. Our estimates will remain under review until these are resolved.

21 Jan 2020
Carclo - Stabilising the business

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Carclo - Stabilising the business
Carclo plc (CAR:LON) | 46.9 0.3 1.3% | Mkt Cap: 34.4m
- Published:
21 Jan 2020 -
Author:
Anne Margaret Crow -
Pages:
2 -
Carclo’s H120 results show that the remaining businesses following the exit from Wipac in December provide a basis for a sustainable group going forward. The continuing businesses generated £56.1m revenues and £3.3m underlying EBIT. However, there remain significant challenges in reaching agreement on long-term funding with the lending bank and pension trustee. Our estimates will remain under review until these are resolved.