Nichols’s FY15 trading update builds further confidence that international diversification and a focus on value over volume can continue to deliver good sustainable earnings growth. The International segment made further y-o-y progress, especially over H2. The UK outperformed in a challenging market environment as well as driving solid growth in the higher value product categories. Net, better sales mix drives useful c.1% EPS upgrades over our 3 year forecast period, implying that our FY15 EPS i ....
08 Jan 2016
FY15 update reinforces key strengths and supports modest upgrades
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FY15 update reinforces key strengths and supports modest upgrades
Nichols plc (NICL:LON) | 978 78.3 0.8% | Mkt Cap: 356.9m
- Published:
08 Jan 2016 -
Author:
Sahill Shan -
Pages:
4
Nichols’s FY15 trading update builds further confidence that international diversification and a focus on value over volume can continue to deliver good sustainable earnings growth. The International segment made further y-o-y progress, especially over H2. The UK outperformed in a challenging market environment as well as driving solid growth in the higher value product categories. Net, better sales mix drives useful c.1% EPS upgrades over our 3 year forecast period, implying that our FY15 EPS i ....