First half trading has been solid, leaving the business well placed to meet FY16 expectations and the acquisition of National Plastics (NP) in the period, leads to a further upgrade to earnings (+3.6%) in FY17 and FY18 (+3.1%). H1 revenue increased 15.5% to £143.3m (H115: £124.1m) driven by the continued good performance of the Extrusion and Moulding division that was underpinned by the acquisitions of Ecodek and Stormking at the end of FY15. Underlying operating profit increased
14 Sep 2016
Good performance in H1; FY17 and FY18 upgrades on acquisition
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Good performance in H1; FY17 and FY18 upgrades on acquisition
Epwin Group PLC (EPWN:LON) | 85.5 -0.4 (-0.6%) | Mkt Cap: 121.9m
- Published:
14 Sep 2016 -
Author:
Andy Hanson -
Pages:
10
First half trading has been solid, leaving the business well placed to meet FY16 expectations and the acquisition of National Plastics (NP) in the period, leads to a further upgrade to earnings (+3.6%) in FY17 and FY18 (+3.1%). H1 revenue increased 15.5% to £143.3m (H115: £124.1m) driven by the continued good performance of the Extrusion and Moulding division that was underpinned by the acquisitions of Ecodek and Stormking at the end of FY15. Underlying operating profit increased