The AGM trading update highlights that the group has seen solid trading during Q1, outperforming a difficult underlying construction materials market. Sales are up by 3%. A strong order pipeline and potential to convert export orders for later on this year should accentuate 2H growth rates, with comparables looking much better. No change to forecasts, which in its self should provide some confidence to investors, following previous tougher updates. We maintain our 165p price target, giving st
25 Oct 2018
Alumasc - AGM update – trading in line
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Alumasc - AGM update – trading in line
Alumasc Group plc (ALU:LON) | 172 0 0.0% | Mkt Cap: 62.3m
- Published:
25 Oct 2018 -
Author:
David Buxton -
Pages:
3
The AGM trading update highlights that the group has seen solid trading during Q1, outperforming a difficult underlying construction materials market. Sales are up by 3%. A strong order pipeline and potential to convert export orders for later on this year should accentuate 2H growth rates, with comparables looking much better. No change to forecasts, which in its self should provide some confidence to investors, following previous tougher updates. We maintain our 165p price target, giving st