As indicated in recent trading statements (19th Dec and 8th Feb) FY17 results are in line with expectations. Revenue of £298.3m (FY16: £293.2m) is +1.7% YoY and 1.6% ahead of ZC. Gross margin declined 120bps to 30.4% due to cost input pressures resulting in adj. operating profit of £22.3m, a decline of c.13% YoY but in line with ZC estimate. Adj. PBT declined 14.5% to £21.1m resulting in adj. EPS of 12.3p, in line with ZC estimates. In the short term the industry outlo
11 Apr 2018
FY17 in line; industry outlook remains difficult
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FY17 in line; industry outlook remains difficult
Epwin Group PLC (EPWN:LON) | 76.0 0 0.0% | Mkt Cap: 108.6m
- Published:
11 Apr 2018 -
Author:
Andy Hanson -
Pages:
10
As indicated in recent trading statements (19th Dec and 8th Feb) FY17 results are in line with expectations. Revenue of £298.3m (FY16: £293.2m) is +1.7% YoY and 1.6% ahead of ZC. Gross margin declined 120bps to 30.4% due to cost input pressures resulting in adj. operating profit of £22.3m, a decline of c.13% YoY but in line with ZC estimate. Adj. PBT declined 14.5% to £21.1m resulting in adj. EPS of 12.3p, in line with ZC estimates. In the short term the industry outlo