Today’s trading update highlights that H1 PBT is expected to be broadly in line with management expectations and significantly ahead of H1’19. Whilst the pipeline for April/May is encouraging, there is an expectation that COVID-19 will in the near future impact customer behaviour and therefore activity levels, perhaps materially so. Guidance is therefore withdrawn. Driver is seeking to preserve cash. It will therefore not pay an interim dividend, all non-essential capex and discre
15 Apr 2020
Balance sheet provides strong support
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Balance sheet provides strong support
Driver Group Plc (DRV:LON) | 24.5 0 0.0% | Mkt Cap: 13.0m
- Published:
15 Apr 2020 -
Author:
Greg Poulton -
Pages:
3
Today’s trading update highlights that H1 PBT is expected to be broadly in line with management expectations and significantly ahead of H1’19. Whilst the pipeline for April/May is encouraging, there is an expectation that COVID-19 will in the near future impact customer behaviour and therefore activity levels, perhaps materially so. Guidance is therefore withdrawn. Driver is seeking to preserve cash. It will therefore not pay an interim dividend, all non-essential capex and discre