ScS has delivered growth of 15-20% in the order book since it last reported 2 months ago, reflecting good performance in growth markets against weak comparatives. Brexit fears have not affected spending in their customer groups. With good delivery on gross margin and marketing the operational gearing should flow as we have previously highlighted (i.e. c35% drop through from additional sales). Today’s upgrades will therefore be of the order 10-15% (recognising that warmer weather, EUref and norma ....
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More upgrades as trading strengthens against weak comps
- Published:
09 Jun 2016 -
Author:
Matthew McEachran -
Pages:
3
ScS has delivered growth of 15-20% in the order book since it last reported 2 months ago, reflecting good performance in growth markets against weak comparatives. Brexit fears have not affected spending in their customer groups. With good delivery on gross margin and marketing the operational gearing should flow as we have previously highlighted (i.e. c35% drop through from additional sales). Today’s upgrades will therefore be of the order 10-15% (recognising that warmer weather, EUref and norma ....