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

17 Sep 2018
Interims show trading improvement

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Interims show trading improvement
Quarto Group, Inc. (QRT:LON) | 155 -3.9 (-1.6%) | Mkt Cap: 63.4m
- Published:
17 Sep 2018 -
Author:
Peter Ashworth -
Pages:
2 -
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