This morning’s update from FIH reflects better than expected trading in the Falkland Islands and a good second half at Momart. The net result is to lift the FY number well above FY2017A and to cause us to upgrade our margin expectations for both businesses in the current year and to add £0.3m to PBTA in FY2018E (year to March) and £0.2m in FY2019E. Above-expectation results in the Falklands are particularly encouraging given the departure of the Eirik Raude rig in the previous year. This morning ....
08 Mar 2018
H2 trading stronger than expected – we upgrade by 12%
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H2 trading stronger than expected – we upgrade by 12%
FIH Group plc (FIH:LON) | 220 0 0.0% | Mkt Cap: 27.5m
- Published:
08 Mar 2018 -
Author:
Nick Spoliar -
Pages:
4
This morning’s update from FIH reflects better than expected trading in the Falkland Islands and a good second half at Momart. The net result is to lift the FY number well above FY2017A and to cause us to upgrade our margin expectations for both businesses in the current year and to add £0.3m to PBTA in FY2018E (year to March) and £0.2m in FY2019E. Above-expectation results in the Falklands are particularly encouraging given the departure of the Eirik Raude rig in the previous year. This morning ....