In a year of major transition, results for FY2017 came in ahead of our revised forecasts yet were significantly below the prior year outturn, primarily due to much weaker trading at the Group's largest business, SpotCo, against a particularly strong comparative in FY2016. SpotCo still has operational challenges ahead and this, together with expected initial losses from the start-up in Amsterdam, will negatively impact our forecasts for FY2018 which are now expected to be in line with FY2017 trad ....
23 May 2018
2018, a year of transition before growth resumes
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2018, a year of transition before growth resumes
Reach4Entertainment Enterprises (R4E:LON) | 0 0 0.0%
- Published:
23 May 2018 -
Author:
Ian Jermin -
Pages:
17
In a year of major transition, results for FY2017 came in ahead of our revised forecasts yet were significantly below the prior year outturn, primarily due to much weaker trading at the Group's largest business, SpotCo, against a particularly strong comparative in FY2016. SpotCo still has operational challenges ahead and this, together with expected initial losses from the start-up in Amsterdam, will negatively impact our forecasts for FY2018 which are now expected to be in line with FY2017 trad ....