Organic revenue growth of 3%, improving net margins and incremental uplift from acquisitions provided for 15% earnings growth in FY17. We are confident the Group can maintain double digit earnings trends as industrial and internet retail clients outperform within this market and new business wins build revenues alongside M&A activity. Placing FY18 earnings on a peer group average multiple results in a one year price target of 99p. However, this does not factor the upside potential as mana
22 Feb 2018
FY17 results; 15% earnings growth
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FY17 results; 15% earnings growth
Macfarlane Group PLC (MACF:LON) | 144 0 0.0% | Mkt Cap: 230.6m
- Published:
22 Feb 2018 -
Author:
Ben Thefaut -
Pages:
7
Organic revenue growth of 3%, improving net margins and incremental uplift from acquisitions provided for 15% earnings growth in FY17. We are confident the Group can maintain double digit earnings trends as industrial and internet retail clients outperform within this market and new business wins build revenues alongside M&A activity. Placing FY18 earnings on a peer group average multiple results in a one year price target of 99p. However, this does not factor the upside potential as mana