Ferguson reported better-than-expected FY20/21 results, with revenue coming in >14% higher, driven by robust residential demand and the recovery in commercial and industrial end-markets. Superior operational performance supported profitability with underlying trading profit outpacing revenue growth. FY20/21 dividend was raised by c.15%, while a $1.0bn share buy-back programme was announced. Ferguson sees healthy sales momentum in the near term, but flagged a tough comparable in H2 with inflation ....
28 Sep 2021
Ending FY20/21 on a high
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Ending FY20/21 on a high
Ferguson Plc (FERG:LON) | 16,950 -28815 (-1.0%) | Mkt Cap: 34,377m
- Published:
28 Sep 2021 -
Author:
Nishant Choudhary | Vansh Mehta -
Pages:
3
Ferguson reported better-than-expected FY20/21 results, with revenue coming in >14% higher, driven by robust residential demand and the recovery in commercial and industrial end-markets. Superior operational performance supported profitability with underlying trading profit outpacing revenue growth. FY20/21 dividend was raised by c.15%, while a $1.0bn share buy-back programme was announced. Ferguson sees healthy sales momentum in the near term, but flagged a tough comparable in H2 with inflation ....