Interims to September are in line with the October trading update. The profit downgrades at the trading update related to revised expectations for the pace of margin improvement; the outlook today is unchanged, but provides reassurance that further risks from energy price movements have been appeased, with the full extent of the energy price uplifts passed on to customers. We lift revenue +£6m in both FY23 and FY24; and lift cost of sales the same amount, leaving profit forecasts unchanged. Expe ....
06 Dec 2022
iomart - Energy costs de-risked; positioning for growth
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
iomart - Energy costs de-risked; positioning for growth
iomart Group plc (IOM:LON) | 144 0 0.0% | Mkt Cap: 161.8m
- Published:
06 Dec 2022 -
Author:
Andrew Darley | Kimberley Carstens -
Pages:
13
Interims to September are in line with the October trading update. The profit downgrades at the trading update related to revised expectations for the pace of margin improvement; the outlook today is unchanged, but provides reassurance that further risks from energy price movements have been appeased, with the full extent of the energy price uplifts passed on to customers. We lift revenue +£6m in both FY23 and FY24; and lift cost of sales the same amount, leaving profit forecasts unchanged. Expe ....