James Halstead has reported FY18 results inline with our forecasts although revenue and recent trading had been provided at the pre-close update in July. We make small FY19 upgrades of c.3% on better operating costs although new products could also support a better top line as the year progresses. James Halstead continues to deliver for investors and new products should continue to underpin the Company’s market position. Maintain Add rating.
26 Sep 2018
Full Year Results, Small FY19 Upgrades
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Full Year Results, Small FY19 Upgrades
James Halstead plc (JHD:LON) | 202 0 0.0% | Mkt Cap: 846.2m
- Published:
26 Sep 2018 -
Author:
Andrew Simms -
Pages:
3
James Halstead has reported FY18 results inline with our forecasts although revenue and recent trading had been provided at the pre-close update in July. We make small FY19 upgrades of c.3% on better operating costs although new products could also support a better top line as the year progresses. James Halstead continues to deliver for investors and new products should continue to underpin the Company’s market position. Maintain Add rating.