Carclo’s year-end trading update notes that Wipac’s costs remained at higher than expected levels during Q419 as the business endeavoured to address the challenges of commencing production on an unprecedented number of new programmes at the same time. As a result, we cut both our FY19 PBT and EPS estimate by 9%, while leaving our FY19 revenue estimate and FY20 estimates unchanged.
18 Apr 2019
Carclo - Wipac costs higher than expected in Q419
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Carclo - Wipac costs higher than expected in Q419
Carclo plc (CAR:LON) | 7.5 0 7.9% | Mkt Cap: 5.49m
- Published:
18 Apr 2019 -
Author:
Anne Margaret Crow -
Pages:
3
Carclo’s year-end trading update notes that Wipac’s costs remained at higher than expected levels during Q419 as the business endeavoured to address the challenges of commencing production on an unprecedented number of new programmes at the same time. As a result, we cut both our FY19 PBT and EPS estimate by 9%, while leaving our FY19 revenue estimate and FY20 estimates unchanged.