A positive Q1 trading update, with full year EPS guidance issued of 18-21%. Ashfield continues to perform well, although volumes in Sharp US remain sluggish, though expected to pick up in H2. No major changes expected to our forecasts at this stage. The group remains in active pursuit of further acquisitions and we expect more deals to complete through the year as the ~$500m firepower is deployed.
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Positive Q1 update
- Published:
30 Jan 2018 -
Author:
Chris Glasper -
Pages:
3
A positive Q1 trading update, with full year EPS guidance issued of 18-21%. Ashfield continues to perform well, although volumes in Sharp US remain sluggish, though expected to pick up in H2. No major changes expected to our forecasts at this stage. The group remains in active pursuit of further acquisitions and we expect more deals to complete through the year as the ~$500m firepower is deployed.