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Interims show trading improvement

working
  • 17 Sep 2018

Interims show trading improvement


Quarto Group, Inc. (QRT:LON) | 160 9.6 3.6% | Mkt Cap: 65.4m


  • Stockdale Securities
    • Peter Ashworth

    • 2 pages

Publishing image



 
Publishing image



Interims show an encouraging trading performance with revenues up by 12% to $56.2m, although market conditions remain challenging. Its Children’s imprints performed strongly with revenues +30%. Higher revenues and better margins contributed to a reduced operating loss of $4.7m ($7.2m). Net debt fell by $2.6m to $73.2m with significant progress with a refinancing. The group anticipates a solid performance for the full year. We retain our under review recommendation with a view to reinsta ....


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Interims show trading improvement


Quarto Group, Inc. (QRT:LON) | 160 9.6 3.6% | Mkt Cap: 65.4m


  • Published: 17 Sep 2018
  • Author: Peter Ashworth
  • Pages: 2
  • Stockdale Securities


Interims show an encouraging trading performance with revenues up by 12% to $56.2m, although market conditions remain challenging. Its Children’s imprints performed strongly with revenues +30%. Higher revenues and better margins contributed to a reduced operating loss of $4.7m ($7.2m). Net debt fell by $2.6m to $73.2m with significant progress with a refinancing. The group anticipates a solid performance for the full year. We retain our under review recommendation with a view to reinsta ....



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