Product sales growth of 10.2% clearly highlights the strategic transformation is gaining momentum, and marks the 5th consecutive quarterly improvement in performance, comfortably beating market expectations. Whilst Financial Services income is down 5%, we continue to expect the trend within FS on both interest and non-interest lines to shift to growth from H2, with important implications for profitability from the improved quality of the file and arrears rates. There is no change to core guidanc ....
20 Jun 2017
N+1 Singer - N Brown Group - Start to the year confirms BWNG transformation benefits emerging
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N+1 Singer - N Brown Group - Start to the year confirms BWNG transformation benefits emerging
N Brown Group plc (BWNG:LON) | 15.8 0 0.0% | Mkt Cap: 73.1m
- Published:
20 Jun 2017 -
Author:
Matthew McEachran -
Pages:
4
Product sales growth of 10.2% clearly highlights the strategic transformation is gaining momentum, and marks the 5th consecutive quarterly improvement in performance, comfortably beating market expectations. Whilst Financial Services income is down 5%, we continue to expect the trend within FS on both interest and non-interest lines to shift to growth from H2, with important implications for profitability from the improved quality of the file and arrears rates. There is no change to core guidanc ....