Carr’s Group’s H122 results show it is coping well with commodity price volatility. The high oil prices are boosting demand for precision engineering services, supporting a recovery in the Engineering division. Management is confident that the FY22 performance will be in line with market expectations, so we leave our estimates broadly unchanged.
20 Apr 2022
Carr's Group - Engineering recovery sustained
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Carr's Group - Engineering recovery sustained
Carr's Group PLC (CARR:LON) | 118 5.9 4.4% | Mkt Cap: 110.9m
- Published:
20 Apr 2022 -
Author:
Anne Margaret Crow -
Pages:
8
Carr’s Group’s H122 results show it is coping well with commodity price volatility. The high oil prices are boosting demand for precision engineering services, supporting a recovery in the Engineering division. Management is confident that the FY22 performance will be in line with market expectations, so we leave our estimates broadly unchanged.