We commented in December that it seemed too early to call the bottom and this is proving to be right. A further deterioration in Russian and oil centric market trading will lead us to expect to make a cut to our PBT expectations by 12% from c£42.5m to £37.5m (consensus c£41m). Not only are the oil driven markets suffering from the weak oil price but trade into Russia from international exhibitors is being impacted by geopolitical and currency competiveness issues. In addition to this weakness in ....
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Deterioration impacting expectations
- Published:
28 Jan 2016 -
Author:
Johnathan Barrett -
Pages:
3
We commented in December that it seemed too early to call the bottom and this is proving to be right. A further deterioration in Russian and oil centric market trading will lead us to expect to make a cut to our PBT expectations by 12% from c£42.5m to £37.5m (consensus c£41m). Not only are the oil driven markets suffering from the weak oil price but trade into Russia from international exhibitors is being impacted by geopolitical and currency competiveness issues. In addition to this weakness in ....