GB Group expects to report FY19 revenues, adjusted operating profit and net debt ahead of consensus expectations. The recent acquisitions have integrated and performed well, providing much of the upside to forecasts. We have upgraded our FY19 earnings forecasts to reflect the better trading performance in H2 and lower net debt in FY20 and FY21.
17 Apr 2019
GB Group - International expansion drives strong H2
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GB Group - International expansion drives strong H2
GB Group PLC (GBG:LON) | 251 0 0.0% | Mkt Cap: 633.0m
- Published:
17 Apr 2019 -
Author:
Katherine Thompson -
Pages:
4
GB Group expects to report FY19 revenues, adjusted operating profit and net debt ahead of consensus expectations. The recent acquisitions have integrated and performed well, providing much of the upside to forecasts. We have upgraded our FY19 earnings forecasts to reflect the better trading performance in H2 and lower net debt in FY20 and FY21.