Bodycote has reported a deterioration in underlying sales for H2 to date, with declines reported for both divisions and a 7.5% fall for the group as a whole. Despite this, management has reiterated guidance for adjusted operating profit in the range of c.£101-106m. This does not assume any improvement in market conditions, but reflects the quality of the portfolio and management of the business. We anticipate reducing our top end forecasts in line with guidance, to reflect the trading update and ....
17 Nov 2015
Deterioration in sales; profit guidance reiterated
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Deterioration in sales; profit guidance reiterated
Bodycote plc (BOY:LON) | 696 -34.8 (-0.7%) | Mkt Cap: 1,325m
- Published:
17 Nov 2015 -
Author:
Jo Reedman -
Pages:
3
Bodycote has reported a deterioration in underlying sales for H2 to date, with declines reported for both divisions and a 7.5% fall for the group as a whole. Despite this, management has reiterated guidance for adjusted operating profit in the range of c.£101-106m. This does not assume any improvement in market conditions, but reflects the quality of the portfolio and management of the business. We anticipate reducing our top end forecasts in line with guidance, to reflect the trading update and ....