The asset and support services group maintained its full year guidance at the half year stage. It delivered double digit growth in underlying profits in the core Compliance, Energy Services and Construction divisions. However, the troubled Property Services stayed in loss, resulting in a 49% fall in underlying group EBITA. We are maintaining our earnings forecasts, but have changed the mix, principally with increases in Compliance revenue and profits offsetting the loss in Property Services.<
27 Jun 2017
Two-speed recovery
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Two-speed recovery
- Published:
27 Jun 2017 -
Author:
Alastair Stewart -
Pages:
8
The asset and support services group maintained its full year guidance at the half year stage. It delivered double digit growth in underlying profits in the core Compliance, Energy Services and Construction divisions. However, the troubled Property Services stayed in loss, resulting in a 49% fall in underlying group EBITA. We are maintaining our earnings forecasts, but have changed the mix, principally with increases in Compliance revenue and profits offsetting the loss in Property Services.<