Acal expects to report H117 results in line with expectations, with revenue growth of 10% y-o-y and double-digit growth in underlying operating profit. After an expected weak Q1, order intake in Q2 showed improvement. The company is restructuring the Custom Distribution business which should benefit profitability in FY18. We leave our estimates unchanged pending H117 results on 29 November.
18 Oct 2016
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discoverIE Group PLC (DSCV:LON) | 761 0 0.0% | Mkt Cap: 726.4m
- Published:
18 Oct 2016 -
Author:
Katherine Thompson -
Pages:
3
Acal expects to report H117 results in line with expectations, with revenue growth of 10% y-o-y and double-digit growth in underlying operating profit. After an expected weak Q1, order intake in Q2 showed improvement. The company is restructuring the Custom Distribution business which should benefit profitability in FY18. We leave our estimates unchanged pending H117 results on 29 November.