Stadium has reported that two contracts have been delayed into FY18 which will lead to FY17 PBT falling short of expectations. The delays are compounded by the previously discussed supply chain shortages which have reduced the Group’s ability to adjust and mitigate the challenges. Despite this, the attraction of the Group’s new offering continues, with the order book at a record level again, now over £32m. However, we reduce FY17 PBT by 15% to £4.5m reflecting the delays. We prudently reduce FY18 PBT by 17% to £5.4m, assuming ongoing challenges throughout the year.
