This morning’s interim results confirm another excellent trading performance in the first half of the year. Adj. PBT more than doubled to £2.1m, which was better than expected. This was driven primarily by higher utilisation rates (up 7.4% to 81.6% in H1) and a focus on higher margin work (for example growth in services provided by Diales). Given the strong first half performance we have upgraded our adj. FD EPS forecasts by 13% in both FY’18 and FY’19. Driver’s management team has done an excel ....
05 Jun 2018
Continued earnings momentum
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Continued earnings momentum
Driver Group Plc (DRV:LON) | 24.5 0 0.0% | Mkt Cap: 12.9m
- Published:
05 Jun 2018 -
Author:
Greg Poulton -
Pages:
3
This morning’s interim results confirm another excellent trading performance in the first half of the year. Adj. PBT more than doubled to £2.1m, which was better than expected. This was driven primarily by higher utilisation rates (up 7.4% to 81.6% in H1) and a focus on higher margin work (for example growth in services provided by Diales). Given the strong first half performance we have upgraded our adj. FD EPS forecasts by 13% in both FY’18 and FY’19. Driver’s management team has done an excel ....