Ferguson performed satisfactorily in Q1 FY19/20, with moderate top-line growth and a flat trading margin. The full-year outlook has also been reiterated by management. In terms of business restructuring, while the demerger of the UK business remains on-track to be completed in 2020, the board is unlikely to conclude on Ferguson group’s new listing structure this year – the outcome will be a key share price trigger, in our view.
04 Dec 2019
Decent start to the year
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Decent start to the year
Ferguson Plc (FERG:LON) | 17,075 11952.5 0.4% | Mkt Cap: 34,630m
- Published:
04 Dec 2019 -
Author:
Mohit Rathi -
Pages:
3
Ferguson performed satisfactorily in Q1 FY19/20, with moderate top-line growth and a flat trading margin. The full-year outlook has also been reiterated by management. In terms of business restructuring, while the demerger of the UK business remains on-track to be completed in 2020, the board is unlikely to conclude on Ferguson group’s new listing structure this year – the outcome will be a key share price trigger, in our view.