WYG’s full year results contain few surprises. PBT was a fraction ahead of our forecast at £2.9m; net debt was better than expected at £6.3m (£8.0m forecast); and the full year dividend was maintained at 1.8p as expected (4.1% yield). H2 operating profit of £2.5m was more than double the H1 result, reflecting seasonal factors as well as the actions taken to address recent underperformance. The order book is growing in both business streams and WYG is now showing encouraging signs of stability. W ....
05 Jun 2018
Signs of stability in H218; FY19 guidance maintained
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Signs of stability in H218; FY19 guidance maintained
WYG’s full year results contain few surprises. PBT was a fraction ahead of our forecast at £2.9m; net debt was better than expected at £6.3m (£8.0m forecast); and the full year dividend was maintained at 1.8p as expected (4.1% yield). H2 operating profit of £2.5m was more than double the H1 result, reflecting seasonal factors as well as the actions taken to address recent underperformance. The order book is growing in both business streams and WYG is now showing encouraging signs of stability. W ....