Robinson has reported FY results for the year ended 31 December 2017. These results are very much in line with our expectations, showing 8.6% revenue growth but a material drop in adjusted PBT as a direct result of increased opex to enable further growth in the packaging business in 2018 and future years. Net debt is in line with our expectations, and the company has secured further facilities to enable some material capex in 2018. We are not changing our FY2018E forecasts materially, and our
23 Mar 2018
FY results in line with expectations
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FY results in line with expectations
Robinson plc (RBN:LON) | 97.5 0 0.0% | Mkt Cap: 16.3m
- Published:
23 Mar 2018 -
Author:
Cavendish Research -
Pages:
8
Robinson has reported FY results for the year ended 31 December 2017. These results are very much in line with our expectations, showing 8.6% revenue growth but a material drop in adjusted PBT as a direct result of increased opex to enable further growth in the packaging business in 2018 and future years. Net debt is in line with our expectations, and the company has secured further facilities to enable some material capex in 2018. We are not changing our FY2018E forecasts materially, and our