The group’s year-end update is very positive, indicating that FY22 profits, cash and dividends will be ahead of recently upgraded expectations. The higher level of profit comes from efficiencies that have improved gross and operating margins. The update also signals that based on a strong order book and encouraging pipeline of prospects it also anticipates FY23 profits will be ahead of expectations. As a result, we upgrade our FY22 EPS by 15.7% followed by 14% in FY23, with dividends upgraded by ....
09 Mar 2023
Billington Holdings - Positive trading update – FY23 EPS upgraded by 14%
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Billington Holdings - Positive trading update – FY23 EPS upgraded by 14%
Billington Holdings Plc (BILN:LON) | 500 75 3.1% | Mkt Cap: 64.7m
- Published:
09 Mar 2023 -
Author:
David Buxton -
Pages:
5
The group’s year-end update is very positive, indicating that FY22 profits, cash and dividends will be ahead of recently upgraded expectations. The higher level of profit comes from efficiencies that have improved gross and operating margins. The update also signals that based on a strong order book and encouraging pipeline of prospects it also anticipates FY23 profits will be ahead of expectations. As a result, we upgrade our FY22 EPS by 15.7% followed by 14% in FY23, with dividends upgraded by ....