Carclo has announced that while the Technical Plastics and Aerospace divisions have started FY20 well, the costs associated with ramping up an unprecedented number of new low-volume lighting programmes at Wipac remain unacceptably high. Management is therefore reviewing its decision to move into the mid-volume vehicle market. We place our FY20 estimates and valuation under review until further information is provided when the FY19 results are announced in July.
12 Jun 2019
Carclo - Wipac move into mid-volumes under review
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Carclo - Wipac move into mid-volumes under review
Carclo plc (CAR:LON) | 7.4 0 0.0% | Mkt Cap: 5.47m
- Published:
12 Jun 2019 -
Author:
Anne Margaret Crow -
Pages:
2
Carclo has announced that while the Technical Plastics and Aerospace divisions have started FY20 well, the costs associated with ramping up an unprecedented number of new low-volume lighting programmes at Wipac remain unacceptably high. Management is therefore reviewing its decision to move into the mid-volume vehicle market. We place our FY20 estimates and valuation under review until further information is provided when the FY19 results are announced in July.