Driver has issued an H1 trading update, which highlights that trading is substantially below expectations, with the Group achieving adj. PBT of £0.3m-£0.5m in H1 vs. £1.0m in the prior year and a previous full year expectation of £2.7m. It attributes the underperformance to an unexpected drop in activity levels in the Middle East and a problematic, loss-making contract in APAC. Europe & Americas continues to perform consistently. Given the inconsistent performance of both the Middle East and APA ....
29 Mar 2022
Q2 impacted by poor Middle East/APAC performance
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q2 impacted by poor Middle East/APAC performance
Driver Group Plc (DRV:LON) | 24.5 0 0.0% | Mkt Cap: 13.0m
- Published:
29 Mar 2022 -
Author:
Greg Poulton -
Pages:
3
Driver has issued an H1 trading update, which highlights that trading is substantially below expectations, with the Group achieving adj. PBT of £0.3m-£0.5m in H1 vs. £1.0m in the prior year and a previous full year expectation of £2.7m. It attributes the underperformance to an unexpected drop in activity levels in the Middle East and a problematic, loss-making contract in APAC. Europe & Americas continues to perform consistently. Given the inconsistent performance of both the Middle East and APA ....