Fisher has reported an encouraging set of interims this morning, in line with our expectations. Revenue is +13%, PBT +6% and the interim dividend +10%. The outlook statement suggests the Group is well on track for the full year. Notably, the offshore oil business is seeing some improvement (“clear signs of recovery in orders for the Norwegian and downhole equipment businesses”). Stronger growth is anticipated in H2, which is consistent with our forecasts (9% PBT growth forecast for full year ve ....
30 Aug 2017
N+1 Singer - James Fisher & Sons - Encouraging interims
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N+1 Singer - James Fisher & Sons - Encouraging interims
James Fisher and Sons plc (FSJ:LON) | 280 2.8 0.4% | Mkt Cap: 141.1m
- Published:
30 Aug 2017 -
Author:
Jon Lienard -
Pages:
4
Fisher has reported an encouraging set of interims this morning, in line with our expectations. Revenue is +13%, PBT +6% and the interim dividend +10%. The outlook statement suggests the Group is well on track for the full year. Notably, the offshore oil business is seeing some improvement (“clear signs of recovery in orders for the Norwegian and downhole equipment businesses”). Stronger growth is anticipated in H2, which is consistent with our forecasts (9% PBT growth forecast for full year ve ....