25 Jan 2018
Strong growth, but a little lighter than we expected
Renishaw has reported strong growth for H1 18, with sales up 20% pre FX and adjusted PBT up 73% to £62.3m. The group has given FY18 guidance for adjusted PBT of £127-147m. We believe consensus is c.£137m, in line with the mid-point of this guidance, and hence do not expect significant changes to market expectations. We also anticipate maintaining our own forecast of £144.2m, which is c.5% above consensus but still within guidance. This reflects the positive industrial backdrop as evidenced by ma ....
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Strong growth, but a little lighter than we expected
Renishaw plc (RSW:LON) | 4,272 5126.4 2.9% | Mkt Cap: 3,110m
- Published:
25 Jan 2018 -
Author:
Jo Reedman -
Pages:
3
Renishaw has reported strong growth for H1 18, with sales up 20% pre FX and adjusted PBT up 73% to £62.3m. The group has given FY18 guidance for adjusted PBT of £127-147m. We believe consensus is c.£137m, in line with the mid-point of this guidance, and hence do not expect significant changes to market expectations. We also anticipate maintaining our own forecast of £144.2m, which is c.5% above consensus but still within guidance. This reflects the positive industrial backdrop as evidenced by ma ....