Polypipe’s rating is currently slightly ahead of its sector, but this overlooks the company’s positioning in long-term growth segments, in our view. The FY18 trading performance was noticeably stronger in H2, though margin progression was constrained by short-term production inefficiencies in certain areas. Management provide a clear and consistent message regarding business focus under a refreshed, growth-oriented strategy.
02 Apr 2019
Polypipe - Premium positioning
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Polypipe - Premium positioning
Genuit Group PLC (GEN:LON) | 431 -8.6 (-0.5%) | Mkt Cap: 1,075m
- Published:
02 Apr 2019 -
Author:
Toby Thorrington -
Pages:
16
Polypipe’s rating is currently slightly ahead of its sector, but this overlooks the company’s positioning in long-term growth segments, in our view. The FY18 trading performance was noticeably stronger in H2, though margin progression was constrained by short-term production inefficiencies in certain areas. Management provide a clear and consistent message regarding business focus under a refreshed, growth-oriented strategy.