In terms of results, FY15 was a year of consolidation, with the more important factor being the revised direction under new Chief Executive Brett Simpson. The new strategy is starting to take shape despite challenges caused by European civil engineering weakness and the Saudi JV. We have upgraded FY16 PBT by 2%, with potential for currency benefit on top of that, and foresee 9% PBT growth into FY17. We continue to feel that latent value can be extracted and that this should be an opportune time ....
03 Feb 2016
Positive progress in difficult markets
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Positive progress in difficult markets
In terms of results, FY15 was a year of consolidation, with the more important factor being the revised direction under new Chief Executive Brett Simpson. The new strategy is starting to take shape despite challenges caused by European civil engineering weakness and the Saudi JV. We have upgraded FY16 PBT by 2%, with potential for currency benefit on top of that, and foresee 9% PBT growth into FY17. We continue to feel that latent value can be extracted and that this should be an opportune time ....