NFC’s full year results did not contain any surprises following the January trading update. The key point was the continuation of the H2 high single digit organic revenue growth into the first two months of the new year. Whilst this by no means guarantees the full year outcome; it is a good start and underpins current year expectations. If this momentum is maintained and barring no further material FX volatility this suggests current year estimates could be conservative. NFC shares are currently trading near all time highs, which is no great surprise given the strength of the group’s performance over the last four years. Yet, the valuation does not look stretched relative to the peer group despite a superior track record and future growth outlook.
20 Apr 2018
Final Results – Strong H2 organic growth; good start to the new year
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Final Results – Strong H2 organic growth; good start to the new year
Next 15 Group plc (NFG:LON) | 925 0 0.0% | Mkt Cap: 918.5m
- Published:
20 Apr 2018 -
Author:
Iain Daly -
Pages:
8
NFC’s full year results did not contain any surprises following the January trading update. The key point was the continuation of the H2 high single digit organic revenue growth into the first two months of the new year. Whilst this by no means guarantees the full year outcome; it is a good start and underpins current year expectations. If this momentum is maintained and barring no further material FX volatility this suggests current year estimates could be conservative. NFC shares are currently trading near all time highs, which is no great surprise given the strength of the group’s performance over the last four years. Yet, the valuation does not look stretched relative to the peer group despite a superior track record and future growth outlook.