Nichols’s 2017 trading update highlights a year of strong revenue growth in the UK and Africa. The resulting market share gains reflect positively on the management. Recent political developments in Yemen, which are totally outside of management’s control, however, have had an adverse affect on Middle East sales. Consequently the company is guiding to a flat 2017 PBT outcome and given regional uncertainty going into next year, modest profit growth in 2018. As a result we lower our 3 year PBT for ....
19 Dec 2017
N+1 Singer - Nichols - 2017 – A positive year tempered by recent Yemen developments
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N+1 Singer - Nichols - 2017 – A positive year tempered by recent Yemen developments
Nichols plc (NICL:LON) | 990 0 0.0% | Mkt Cap: 361.3m
- Published:
19 Dec 2017 -
Author:
Sahill Shan -
Pages:
5
Nichols’s 2017 trading update highlights a year of strong revenue growth in the UK and Africa. The resulting market share gains reflect positively on the management. Recent political developments in Yemen, which are totally outside of management’s control, however, have had an adverse affect on Middle East sales. Consequently the company is guiding to a flat 2017 PBT outcome and given regional uncertainty going into next year, modest profit growth in 2018. As a result we lower our 3 year PBT for ....