The year-end trading update highlights that the majority of the group continues to trade well, outperforming the somewhat challenging UK construction markets. Levolux, however, has seen a weaker H2 than previously expected due to customer project delays. As such, adjusted PBT for the year is expected to be below expectations and a restructuring programme to deliver an additional £1.0m cost savings is underway. We are consequently reducing FY 2019 EPS by 12% to 12.2p. We also cut the PT
14 Jun 2019
Alumasc - Year-end trading update
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Alumasc - Year-end trading update
Alumasc Group plc (ALU:LON) | 172 -2.6 (-0.9%) | Mkt Cap: 62.3m
- Published:
14 Jun 2019 -
Author:
David Buxton -
Pages:
4
The year-end trading update highlights that the majority of the group continues to trade well, outperforming the somewhat challenging UK construction markets. Levolux, however, has seen a weaker H2 than previously expected due to customer project delays. As such, adjusted PBT for the year is expected to be below expectations and a restructuring programme to deliver an additional £1.0m cost savings is underway. We are consequently reducing FY 2019 EPS by 12% to 12.2p. We also cut the PT