Approaching the year end, slower trading in certain sub-sectors causes us to trim our FY19 earnings estimates by 5% (with more modest adjustments thereafter). This does not change our view that the company is well placed by sector to benefit from some long-term structural drivers in the building materials space.
20 Nov 2019
Polypipe - Well-placed but revenue progress moderates
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Polypipe - Well-placed but revenue progress moderates
Genuit Group PLC (GEN:LON) | 440 -8.8 (-0.5%) | Mkt Cap: 1,097m
- Published:
20 Nov 2019 -
Author:
Toby Thorrington -
Pages:
3
Approaching the year end, slower trading in certain sub-sectors causes us to trim our FY19 earnings estimates by 5% (with more modest adjustments thereafter). This does not change our view that the company is well placed by sector to benefit from some long-term structural drivers in the building materials space.