Robinson has reported full-year results for FY2016 that are inline with our expectations. A revenue decline of 5.5% reflected a challenging year with some previously announced business losses plus delays to the introduction of new business wins. Despite this, the business has delivered solid gross margins and cash flow. We expect the business to return to growth in FY2017, to continue to invest for growth and possibly enjoy the upside from its surplus property which has now achieved planning
24 Mar 2017
Solid performance in a challenging year
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Solid performance in a challenging year
Robinson plc (RBN:LON) | 100 0 0.0% | Mkt Cap: 16.8m
- Published:
24 Mar 2017 -
Author:
Cavendish Research -
Pages:
8
Robinson has reported full-year results for FY2016 that are inline with our expectations. A revenue decline of 5.5% reflected a challenging year with some previously announced business losses plus delays to the introduction of new business wins. Despite this, the business has delivered solid gross margins and cash flow. We expect the business to return to growth in FY2017, to continue to invest for growth and possibly enjoy the upside from its surplus property which has now achieved planning