Lavendon has issued a full year trading update that states that the Board expects results for the year ended 31st December 2015 to be at the top end of market expectations, with profitability, margins and ROCE continuing to improve. The main concern for Lavendon in recent months has been over the outlook for Saudi Arabia. However, revenue continues to grow in the Middle East, increasing 10% in Q4 and 7% across the year. Pricing pressure seen in Saudi continues to be more than absorbed by strengt ....
14 Jan 2016
FY15 results to be at the top end of expectations
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FY15 results to be at the top end of expectations
Lavendon has issued a full year trading update that states that the Board expects results for the year ended 31st December 2015 to be at the top end of market expectations, with profitability, margins and ROCE continuing to improve. The main concern for Lavendon in recent months has been over the outlook for Saudi Arabia. However, revenue continues to grow in the Middle East, increasing 10% in Q4 and 7% across the year. Pricing pressure seen in Saudi continues to be more than absorbed by strengt ....