Despite the new business enquiry pipeline being at an historically high level (c.20% above last year), trading in H1 has been weaker than expected due to both slower conversion of clients in South-East Asia and a lower level of activity in the Middle East. A number of Expert Witness/Dispute projects that were expected to convert in H1 have been temporarily delayed or deferred. Whilst there are significant opportunities for the Group in H2 and management remains confident of converting these lead ....
11 Mar 2019
Slower conversion of clients weighing on trading
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Slower conversion of clients weighing on trading
Driver Group Plc (DRV:LON) | 24.5 0 0.0% | Mkt Cap: 12.9m
- Published:
11 Mar 2019 -
Author:
Greg Poulton -
Pages:
3
Despite the new business enquiry pipeline being at an historically high level (c.20% above last year), trading in H1 has been weaker than expected due to both slower conversion of clients in South-East Asia and a lower level of activity in the Middle East. A number of Expert Witness/Dispute projects that were expected to convert in H1 have been temporarily delayed or deferred. Whilst there are significant opportunities for the Group in H2 and management remains confident of converting these lead ....