The group has announced that three of its end customers in the rail sector have recently reduced their ordering profile. This is a frustration for management particularly as significant internal improvements and strategic rebalancing to foster more non-rail and a greater proportion of standardised non-project revenues. In the short-term, this results in a 5.7% reduction to revenue and adj PBT reducing from £0.8m to breakeven. Until the group gains greater clarity on future customer delivery prof ....
