Driver’s interims were well flagged in the 30th April update. Adj. PBT was £1.0m (H1’20: £1.3m, H2’20: £1.3m), reflecting the impact of COVID-19 and the loss of key staff in APAC. Despite this, Driver made strong strategic progress, expanding its geographic reach in the US and Spain. Activity levels in April/May were consistent with H1. Whilst the pipeline of opportunities is building, conversion remains slow as a result of COVID-19 and we therefore forecast a stable H2 performance, with FY21 PB ....
08 Jun 2021
Earnings recovery expected in FY22
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Earnings recovery expected in FY22
Driver Group Plc (DRV:LON) | 24.5 0 0.0% | Mkt Cap: 13.0m
- Published:
08 Jun 2021 -
Author:
Greg Poulton -
Pages:
3
Driver’s interims were well flagged in the 30th April update. Adj. PBT was £1.0m (H1’20: £1.3m, H2’20: £1.3m), reflecting the impact of COVID-19 and the loss of key staff in APAC. Despite this, Driver made strong strategic progress, expanding its geographic reach in the US and Spain. Activity levels in April/May were consistent with H1. Whilst the pipeline of opportunities is building, conversion remains slow as a result of COVID-19 and we therefore forecast a stable H2 performance, with FY21 PB ....