Driver’s FY20 results were well flagged in the 26th October trading update. The Group achieved adj. PBT of £2.5m (FY19: £3.0m), which reflected the impact of COVID-19 in H2. The Group continues to be strongly cash generative, with net cash increasing to £8.2m at the year end (FY19: £5.4m). Whilst visibility remains limited, activity levels in FY21 to date have been encouraging and the Board has therefore declared a final dividend of 0.75p. The strategic review has concluded with a new target to ....
15 Dec 2020
Ambitious target to achieve a double digit margin
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Ambitious target to achieve a double digit margin
Driver Group Plc (DRV:LON) | 25.5 -0.1 (-1.9%) | Mkt Cap: 13.5m
- Published:
15 Dec 2020 -
Author:
Greg Poulton -
Pages:
3
Driver’s FY20 results were well flagged in the 26th October trading update. The Group achieved adj. PBT of £2.5m (FY19: £3.0m), which reflected the impact of COVID-19 in H2. The Group continues to be strongly cash generative, with net cash increasing to £8.2m at the year end (FY19: £5.4m). Whilst visibility remains limited, activity levels in FY21 to date have been encouraging and the Board has therefore declared a final dividend of 0.75p. The strategic review has concluded with a new target to ....