Group like for like revenue was marginally ahead yoy at £142.4m, with notable growth seen in the extrusion, mouldings and distribution businesses, but declined on an absolute basis from £149.9m, due to the loss of the two largest customers in FY17. Group adj. operating profit was £7.1m (HY17: £11.1m) as margins were impacted by increasing cost input pressures. We marginally increase revenue estimates but leave FY18 profit forecasts unchanged on the back of today’
12 Sep 2018
Interim results in line but operating environment remains difficult
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Interim results in line but operating environment remains difficult
Epwin Group PLC (EPWN:LON) | 76.0 0 0.0% | Mkt Cap: 108.6m
- Published:
12 Sep 2018 -
Author:
Andy Hanson -
Pages:
11
Group like for like revenue was marginally ahead yoy at £142.4m, with notable growth seen in the extrusion, mouldings and distribution businesses, but declined on an absolute basis from £149.9m, due to the loss of the two largest customers in FY17. Group adj. operating profit was £7.1m (HY17: £11.1m) as margins were impacted by increasing cost input pressures. We marginally increase revenue estimates but leave FY18 profit forecasts unchanged on the back of today’