The FY2016 results for Low & Bonar were ahead of our estimates despite the underperformance of the CTT division, which had been flagged early in the year. The other three divisions generated strong constant current profits growth, through a combination of organic revenue increase and margin improvement. There is clear evidence that strategy to focus on higher margin markets at the expense of commodity businesses, or areas in which it does not have a strong market position, is now gaining
24 Feb 2017
Full Year 2016 Results
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Full Year 2016 Results
The FY2016 results for Low & Bonar were ahead of our estimates despite the underperformance of the CTT division, which had been flagged early in the year. The other three divisions generated strong constant current profits growth, through a combination of organic revenue increase and margin improvement. There is clear evidence that strategy to focus on higher margin markets at the expense of commodity businesses, or areas in which it does not have a strong market position, is now gaining