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 FY1 ....

08 Nov 2017
N+1 Singer - Stadium Group - Contract delays

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N+1 Singer - Stadium Group - Contract delays
Stadium Group (SDM:LON) | 0 0 0.6% | Mkt Cap: 41.3m
- Published:
08 Nov 2017 -
Author:
Singer CM Team -
Pages:
4 -
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 FY1 ....