Driver’s H1 update highlights a resilient performance, with adj. PBT expected to be only slightly lower year on year despite the impact of COVID-19 (H1’20 adj. PBT of £1.25m - largely unaffected by COVID). The Group has maintained a strong balance sheet, with net cash at period end of £7.2m (Sep. ’20: £8.2m). A changing picture in terms of lockdown restrictions, alongside the loss of certain staff to a competitor in APAC, created a challenging environment. However, the statement indicates meanin ....
30 Apr 2021
Resilient H1 performance despite COVID impact
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Resilient H1 performance despite COVID impact
Driver Group Plc (DRV:LON) | 26.0 0.4 6.1% | Mkt Cap: 13.7m
- Published:
30 Apr 2021 -
Author:
Greg Poulton -
Pages:
3
Driver’s H1 update highlights a resilient performance, with adj. PBT expected to be only slightly lower year on year despite the impact of COVID-19 (H1’20 adj. PBT of £1.25m - largely unaffected by COVID). The Group has maintained a strong balance sheet, with net cash at period end of £7.2m (Sep. ’20: £8.2m). A changing picture in terms of lockdown restrictions, alongside the loss of certain staff to a competitor in APAC, created a challenging environment. However, the statement indicates meanin ....