The disposal of the Specialist & Care business for up to £14.9m removes a non-core, low-margin business from the group and provides funds that can be directed towards the recently unveiled technology roadmap. This results in cuts to our EPS forecasts of c 4% per annum, while operating margins are around two percentage points higher in FY20e and FY21e.
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EMIS Group - Disposal of non-core eye-screening business
- Published:
03 Apr 2019 -
Author:
Katherine Thompson -
Pages:
4
The disposal of the Specialist & Care business for up to £14.9m removes a non-core, low-margin business from the group and provides funds that can be directed towards the recently unveiled technology roadmap. This results in cuts to our EPS forecasts of c 4% per annum, while operating margins are around two percentage points higher in FY20e and FY21e.