We have maintained our forecasts following this morning’s AGM trading statement, which indicates an improvement in sentiment among oil & gas customers but retains the cautionary tone on the speed of recovery set out in the 25 April results statement. The Crestchic loadbanks electrical testing business continues to show greater resilience, while the statement confirms it continues to expect net debt to fall further in 2017.
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Early signs of uplift in sentiment continue
- Published:
07 Jun 2017 -
Author:
Alastair Stewart -
Pages:
2
We have maintained our forecasts following this morning’s AGM trading statement, which indicates an improvement in sentiment among oil & gas customers but retains the cautionary tone on the speed of recovery set out in the 25 April results statement. The Crestchic loadbanks electrical testing business continues to show greater resilience, while the statement confirms it continues to expect net debt to fall further in 2017.