T Clarke’s trading update strikes a positive tone. Underlying trading is in line with expectations for the current year and the Board is confident that the quality of the order book will underpin a material increase in operating margin during FY16 and FY17. We upgrade our FY16 PBT and EPS forecasts by c.8% and anticipate a further 18% growth in our maiden FY17 forecasts. It has also been announced that the Bristol and Cardiff offices will now close following recent challenges (£2.6m exceptional/ ....
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Improving margins driving forecast outperformance
- Published:
19 Nov 2015 -
Author:
Singer CM Team -
Pages:
4
T Clarke’s trading update strikes a positive tone. Underlying trading is in line with expectations for the current year and the Board is confident that the quality of the order book will underpin a material increase in operating margin during FY16 and FY17. We upgrade our FY16 PBT and EPS forecasts by c.8% and anticipate a further 18% growth in our maiden FY17 forecasts. It has also been announced that the Bristol and Cardiff offices will now close following recent challenges (£2.6m exceptional/ ....