Interims reflect the poor trading highlighted in July. Continuing retail softness in the UK & US, changing market trends and an increasing H2 bias have contributed. Revenues fell 13% to $50.2m ($57.9m) and it reported an adjusted loss before tax of $8.7m (loss $1.6m). Net debt rose 5% to $75.8m. Quarto will not pay an interim dividend. The board has received an approach to acquire the company at a price it considers attractive. Discussions are at an early stage. Following this, we withdra
08 Aug 2017
2017 Interims. Plus approach to the company
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2017 Interims. Plus approach to the company
- Published:
08 Aug 2017 -
Author:
Peter Ashworth -
Pages:
2
Interims reflect the poor trading highlighted in July. Continuing retail softness in the UK & US, changing market trends and an increasing H2 bias have contributed. Revenues fell 13% to $50.2m ($57.9m) and it reported an adjusted loss before tax of $8.7m (loss $1.6m). Net debt rose 5% to $75.8m. Quarto will not pay an interim dividend. The board has received an approach to acquire the company at a price it considers attractive. Discussions are at an early stage. Following this, we withdra