Drivers final results were well flagged in the November update, confirming an adj. loss before tax of £1.0m for FY22 (FY21: PBT of £2.0m, FY18 peak PBT: £3.8m) after restructuring costs of £0.6m. FY22 was a challenging year, with all business units seeing a reduction in profitability. Europe & Americas continued to be strongly profitable, with the Middle East and APAC continuing to weigh on Group profits. In response, management has implemented a significant reorganisation in both of these busin ....
23 Feb 2023
Return to profitability in Q1 confirmed
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Return to profitability in Q1 confirmed
Driver Group Plc (DRV:LON) | 24.5 0 0.0% | Mkt Cap: 12.9m
- Published:
23 Feb 2023 -
Author:
Greg Poulton -
Pages:
3
Drivers final results were well flagged in the November update, confirming an adj. loss before tax of £1.0m for FY22 (FY21: PBT of £2.0m, FY18 peak PBT: £3.8m) after restructuring costs of £0.6m. FY22 was a challenging year, with all business units seeing a reduction in profitability. Europe & Americas continued to be strongly profitable, with the Middle East and APAC continuing to weigh on Group profits. In response, management has implemented a significant reorganisation in both of these busin ....