The new management team has been in situ for eight weeks and post a thorough review of the business has released a trading update. Whilst trading in H1 has broadly been in line with previous expectations the new team has taken a more prudent view on recovery in H2 18. This leads to revenue estimate falling to c. £120.0m (prev. £128.0m) in FY18 and to £125.6m in FY19 (prev. £129.0m). The impact to profitability in FY18 is exacerbated by revised expectations in terms of
11 Jul 2018
Trading update
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Trading update
- Published:
11 Jul 2018 -
Author:
Andy Hanson -
Pages:
7
The new management team has been in situ for eight weeks and post a thorough review of the business has released a trading update. Whilst trading in H1 has broadly been in line with previous expectations the new team has taken a more prudent view on recovery in H2 18. This leads to revenue estimate falling to c. £120.0m (prev. £128.0m) in FY18 and to £125.6m in FY19 (prev. £129.0m). The impact to profitability in FY18 is exacerbated by revised expectations in terms of