Today's trading update reveals the ongoing strength in its end markets, underlined by the forward visibility provided by its order book (£545m). The balance sheet remains strong, and this is a key competitive advantage against what remains an uncertain macro backdrop. Despite inflationary pressures, FY22E margins have been maintained at 2.8%, although we take a more cautionary view in FY23E. Whilst headline earnings move down, this should not detract from the continued progress of the business a ....
24 Nov 2022
Cenkos: TClarke Plc - Remains well positioned
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Cenkos: TClarke Plc - Remains well positioned
TClarke plc (CTO:LON) | 161 2.4 0.9% | Mkt Cap: 85.2m
- Published:
24 Nov 2022 -
Author:
Andrew Gibb -
Pages:
8
Today's trading update reveals the ongoing strength in its end markets, underlined by the forward visibility provided by its order book (£545m). The balance sheet remains strong, and this is a key competitive advantage against what remains an uncertain macro backdrop. Despite inflationary pressures, FY22E margins have been maintained at 2.8%, although we take a more cautionary view in FY23E. Whilst headline earnings move down, this should not detract from the continued progress of the business a ....