At the start of its 41st year of operations, Quarto delivered a strong FY15 performance, as indicated by January’s pre-close update. Revenue and margin were both ahead, there was notable progress on debt reduction and a step-up in the dividend. With the activists off the share register as of November 2015 (their shares placed with a spread of institutional funds), the board structure is also now being normalised, with two independent non-executive appointments (one to take the chair). I
21 Mar 2016
40 years young
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
40 years young
- Published:
21 Mar 2016 -
Author:
Fiona Orford-Williams -
Pages:
5
At the start of its 41st year of operations, Quarto delivered a strong FY15 performance, as indicated by January’s pre-close update. Revenue and margin were both ahead, there was notable progress on debt reduction and a step-up in the dividend. With the activists off the share register as of November 2015 (their shares placed with a spread of institutional funds), the board structure is also now being normalised, with two independent non-executive appointments (one to take the chair). I