FDM has delivered a characteristically strong 2016, as detailed in today’s trading update. The group will deliver results “ahead of expectations”, and although Mountie numbers are some 1% shy of our forecasts, the group is clearly experiencing very strong growth in a number of key geographies, and the pricing environment remains solid. We make modest (c3%) upgrades to 2016E and 2017E Adjusted PBT estimates to reflect the positive update, and reiterate both our Buy recommenda
18 Jan 2017
2016 ahead; 2017 outlook upbeat
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2016 ahead; 2017 outlook upbeat
FDM Group (Holdings) plc (FDM:LON) | 330 -6.6 (-0.6%) | Mkt Cap: 362.0m
- Published:
18 Jan 2017 -
Author:
Gareth Evans -
Pages:
3
FDM has delivered a characteristically strong 2016, as detailed in today’s trading update. The group will deliver results “ahead of expectations”, and although Mountie numbers are some 1% shy of our forecasts, the group is clearly experiencing very strong growth in a number of key geographies, and the pricing environment remains solid. We make modest (c3%) upgrades to 2016E and 2017E Adjusted PBT estimates to reflect the positive update, and reiterate both our Buy recommenda