Interim results represent another period of strong delivery against expectations. Management has reaffirmed its 3% margin target and the Group made significant progress towards this in H1, achieving a margin of 2.6% vs. 2.0% in the prior year. Adj. EBITA increased by 37.9% to £4.0m. A strong order book underpins earnings visibility, with our FY18 revenue forecast now fully covered and FY19 50% covered. In our view, TClarke is a well managed business with a focus on quality that is not reflected ....
07 Aug 2018
Positive H1 outturn; Margin up 60bps; EPS up 47%
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Positive H1 outturn; Margin up 60bps; EPS up 47%
TClarke plc (CTO:LON) | 124 0 0.0% | Mkt Cap: 65.4m
- Published:
07 Aug 2018 -
Author:
James Tetley -
Pages:
3
Interim results represent another period of strong delivery against expectations. Management has reaffirmed its 3% margin target and the Group made significant progress towards this in H1, achieving a margin of 2.6% vs. 2.0% in the prior year. Adj. EBITA increased by 37.9% to £4.0m. A strong order book underpins earnings visibility, with our FY18 revenue forecast now fully covered and FY19 50% covered. In our view, TClarke is a well managed business with a focus on quality that is not reflected ....