Today’s trading update highlight that the ASF outbreak in China continues to weigh on performance, exacerbated by the US-China trade dispute. If these trends continue, FY results could fall significantly below market expectations. Although there are early shoots of market recovery, our revised forecasts conservatively imply that current trading conditions will remain through the remainder of this financial year, resulting in FY2020-22e gross revenue forecast reductions of 20%, 18% and 1
11 Nov 2019
Weak China trading in H1 weighs on FY outlook
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Weak China trading in H1 weighs on FY outlook
ECO Animal Health Group plc (EAH:LON) | 94.0 0 0.0% | Mkt Cap: 63.7m
- Published:
11 Nov 2019 -
Author:
Jens Lindqvist -
Pages:
3
Today’s trading update highlight that the ASF outbreak in China continues to weigh on performance, exacerbated by the US-China trade dispute. If these trends continue, FY results could fall significantly below market expectations. Although there are early shoots of market recovery, our revised forecasts conservatively imply that current trading conditions will remain through the remainder of this financial year, resulting in FY2020-22e gross revenue forecast reductions of 20%, 18% and 1