As indicated in the 11th March trading update, H1 was a challenging period for the Group. Whilst the EuAm region continued to trade strongly, the ME and APAC regions experienced lower levels of activity and resulting cost inefficiencies. Overall, the Group delivered PBT of £0.8m in H1 (H1’18: £2.1m). We modestly reduce our EPS forecasts by 7%/2% in FY19/20. Whilst there is still work to do in H2, current business enquiry levels are supportive of a step up in activity and a realignment of the cos ....
04 Jun 2019
Bounce back expected in H2
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Bounce back expected in H2
Driver Group Plc (DRV:LON) | 24.5 0 0.0% | Mkt Cap: 12.9m
- Published:
04 Jun 2019 -
Author:
Greg Poulton -
Pages:
3
As indicated in the 11th March trading update, H1 was a challenging period for the Group. Whilst the EuAm region continued to trade strongly, the ME and APAC regions experienced lower levels of activity and resulting cost inefficiencies. Overall, the Group delivered PBT of £0.8m in H1 (H1’18: £2.1m). We modestly reduce our EPS forecasts by 7%/2% in FY19/20. Whilst there is still work to do in H2, current business enquiry levels are supportive of a step up in activity and a realignment of the cos ....