WGB has issued an RNS today updating for the floods that hit its factory in Lancaster two weekends ago. Management expects the facility to progressively be brought back on stream by the end of April 2016. The disruption is expected to impact current year PBT by around 15% and, although not quantified, we would expect the effect next year to be at least of that magnitude. However, with full insurance cover management are hopeful of fully recovering the shortfall. Having already reduced our target ....
14 Dec 2015
Flood update, 15% PBT shortfall in FY16 and probably FY17
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Flood update, 15% PBT shortfall in FY16 and probably FY17
Sanderson Design Group PLC (SDG:LON) | 103 0 0.0% | Mkt Cap: 73.9m
- Published:
14 Dec 2015 -
Author:
Matthew McEachran -
Pages:
3
WGB has issued an RNS today updating for the floods that hit its factory in Lancaster two weekends ago. Management expects the facility to progressively be brought back on stream by the end of April 2016. The disruption is expected to impact current year PBT by around 15% and, although not quantified, we would expect the effect next year to be at least of that magnitude. However, with full insurance cover management are hopeful of fully recovering the shortfall. Having already reduced our target ....