07 Jan 2019
Strong H2 outcome prompts upgrades
A short and sweet but positive YE trading update from Churchill China this morning. The strong double-digit export sales momentum of H1 continued into H2 and UK performed in line with expectation of positive sales growth in H2. Net, management is guiding to a full year outcome ahead of market expectations. We upgrade our FY18 PBT by a meaningful 7% and outer years by 3%. Going into FY19 the business is geographically well diversified and investing appropriately to support further progress. An FY ....
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Strong H2 outcome prompts upgrades
Churchill China plc (CHH:LON) | 1,210 0 0.0% | Mkt Cap: 133.1m
- Published:
07 Jan 2019 -
Author:
Sahill Shan -
Pages:
4
A short and sweet but positive YE trading update from Churchill China this morning. The strong double-digit export sales momentum of H1 continued into H2 and UK performed in line with expectation of positive sales growth in H2. Net, management is guiding to a full year outcome ahead of market expectations. We upgrade our FY18 PBT by a meaningful 7% and outer years by 3%. Going into FY19 the business is geographically well diversified and investing appropriately to support further progress. An FY ....