Hunting has released its Q3 trading statement. This reports a continued improvement in trading for the period on the back of continued strong performance from the US onshore business. Revenues for the full year are now expected to be around US$700m, with a “modest” PBT. EBITDA for the first three quarters is reported at c.US$33m. Given this performance and outlook, we have upgraded our numbers today, with 2017 EBITDA moving from US$42.5m to US$45.8m.
25 Oct 2017
Q3 trading statement
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Q3 trading statement
Hunting PLC (HTG:LON) | 355 -5.3 (-0.4%) | Mkt Cap: 585.5m
- Published:
25 Oct 2017 -
Author:
Daniel Slater, CFA -
Pages:
3
Hunting has released its Q3 trading statement. This reports a continued improvement in trading for the period on the back of continued strong performance from the US onshore business. Revenues for the full year are now expected to be around US$700m, with a “modest” PBT. EBITDA for the first three quarters is reported at c.US$33m. Given this performance and outlook, we have upgraded our numbers today, with 2017 EBITDA moving from US$42.5m to US$45.8m.