Weaker trading in the last few weeks means the first half performance will not be as strong as we had envisaged at the time of the FY16 results (23rd March). However, FY17 forecasts remain unchanged with management guiding that the FY performance will be in line with expectations. Forecasts already assumed a degree of H2 weighting, due to tough comps in H1, but today’s statement suggests that this will be larger than expected. Earnings risk increases as a result but Safestyle has a trac

18 May 2017
Trading volatile but no change to forecasts

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Trading volatile but no change to forecasts
- Published:
18 May 2017 -
Author:
Andy Hanson -
Pages:
6 -
Weaker trading in the last few weeks means the first half performance will not be as strong as we had envisaged at the time of the FY16 results (23rd March). However, FY17 forecasts remain unchanged with management guiding that the FY performance will be in line with expectations. Forecasts already assumed a degree of H2 weighting, due to tough comps in H1, but today’s statement suggests that this will be larger than expected. Earnings risk increases as a result but Safestyle has a trac