As indicated in April, the Group continued to trade strongly in H2 and FY17 trading profit was 5% ahead of our forecast. We have also increased our FY18 forecasts by c.8% as the momentum continues. The efficiency driven margin improvement in Industrials is ongoing as Rorschach closes, (mid teens margin target now set) whilst Healthcare has also driven margin improvement and has visibility of £200m from long term commercial agreements. We acknowledge the rising share price, but with momentum like ....
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N+1 Singer - Scapa Group - Forecast upgrades; momentum strong
- Published:
23 May 2017 -
Author:
Jon Lienard -
Pages:
6
As indicated in April, the Group continued to trade strongly in H2 and FY17 trading profit was 5% ahead of our forecast. We have also increased our FY18 forecasts by c.8% as the momentum continues. The efficiency driven margin improvement in Industrials is ongoing as Rorschach closes, (mid teens margin target now set) whilst Healthcare has also driven margin improvement and has visibility of £200m from long term commercial agreements. We acknowledge the rising share price, but with momentum like ....