Restore released a very solid set of results for FY15 last week, confirming a year of strong growth (PBT +36%). The integration of the FY14 Cintas acquisition is now complete and the issues in scanning look to have been addressed by investment in new management. The disposal of Restore Document Management Ireland was a surprise and an excellent price looks to have been achieved, notwithstanding modest earnings dilution from the deal. We continue to view Restore as something of a safe haven, give ....
16 Mar 2016
Opportunity & firepower to continue industry roll-up
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Opportunity & firepower to continue industry roll-up
Restore plc (RST:LON) | 220 0 0.0% | Mkt Cap: 300.5m
- Published:
16 Mar 2016 -
Author:
James Tetley -
Pages:
7
Restore released a very solid set of results for FY15 last week, confirming a year of strong growth (PBT +36%). The integration of the FY14 Cintas acquisition is now complete and the issues in scanning look to have been addressed by investment in new management. The disposal of Restore Document Management Ireland was a surprise and an excellent price looks to have been achieved, notwithstanding modest earnings dilution from the deal. We continue to view Restore as something of a safe haven, give ....