The electrical and oil & gas equipment group’s pre-close statement expects FY results to be “broadly in line” with its expectations, with little change in trading but slight headwinds from sterling’s weakness, affecting its more dollarexposed O&G business. We have trimmed our 2016 underlying loss before tax from -£3.8m to -£4.1m but have not changed our estimates of an improved EBITDA and narrowing loss before tax for 2017. Despite the shares recove
09 Feb 2017
Outlook for 2016 remains broadly in line
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Outlook for 2016 remains broadly in line
- Published:
09 Feb 2017 -
Author:
Alastair Stewart -
Pages:
3
The electrical and oil & gas equipment group’s pre-close statement expects FY results to be “broadly in line” with its expectations, with little change in trading but slight headwinds from sterling’s weakness, affecting its more dollarexposed O&G business. We have trimmed our 2016 underlying loss before tax from -£3.8m to -£4.1m but have not changed our estimates of an improved EBITDA and narrowing loss before tax for 2017. Despite the shares recove