In a positive year-end update, Belvoir has detailed FY 2020 sales growth was +12% and performance for the year including PBT will be comfortably ahead of management’s expectations. We have upgraded our FY 2020E EPS by +6.5% to forecast +19% EPS growth in FY 2020E, but leave our FY 2021 estimates onwards unchanged for now, recognising the macro uncertainty. However, given Belvoir is set to report 24 years of consistent profit growth after successfully seeing off the 2007 financial crisis, 2019 ba ....
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Belvoir Group - Consistent profit growth continues
- Published:
28 Jan 2021 -
Author:
Guy Hewett -
Pages:
3
In a positive year-end update, Belvoir has detailed FY 2020 sales growth was +12% and performance for the year including PBT will be comfortably ahead of management’s expectations. We have upgraded our FY 2020E EPS by +6.5% to forecast +19% EPS growth in FY 2020E, but leave our FY 2021 estimates onwards unchanged for now, recognising the macro uncertainty. However, given Belvoir is set to report 24 years of consistent profit growth after successfully seeing off the 2007 financial crisis, 2019 ba ....