Clipper has issued an in line trading update this morning, confirming that revenue and operating profit continued to grow in H1. We have updated our forecasts ahead of the interim results, nudging down our FY’18 FD adj. EPS forecast by 2%, with FY’19 unchanged. We have also introduced a new FY’20 forecast year, implying EPS growth of 16%. Our significant growth forecasts (EPS growth of 16%-31% in each forecast year) are underpinned by a strong contract pipeline. We leave our recommendation and t ....
16 Nov 2017
N+1 Singer - Clipper Logistics - In line H1 update; Introducing FY’20 forecasts
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N+1 Singer - Clipper Logistics - In line H1 update; Introducing FY’20 forecasts
- Published:
16 Nov 2017 -
Author:
Greg Poulton -
Pages:
5
Clipper has issued an in line trading update this morning, confirming that revenue and operating profit continued to grow in H1. We have updated our forecasts ahead of the interim results, nudging down our FY’18 FD adj. EPS forecast by 2%, with FY’19 unchanged. We have also introduced a new FY’20 forecast year, implying EPS growth of 16%. Our significant growth forecasts (EPS growth of 16%-31% in each forecast year) are underpinned by a strong contract pipeline. We leave our recommendation and t ....