WYG’s AGM update reiterates full year guidance despite highlighting some softness in International trading. The performance year to date has been broadly in line with the prior year and management remains focused on delivering a sustained improvement in operating margins and cash generation. Net debt has increased to £15.0m, but full year net debt expectations (N+1 S:£9.4m) are unchanged with a £3m receipt anticipated in short order alongside a seasonally positive H2 working capital profile. Whi ....

25 Sep 2018
Strategic actions offsetting market challenges

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Strategic actions offsetting market challenges
WYG’s AGM update reiterates full year guidance despite highlighting some softness in International trading. The performance year to date has been broadly in line with the prior year and management remains focused on delivering a sustained improvement in operating margins and cash generation. Net debt has increased to £15.0m, but full year net debt expectations (N+1 S:£9.4m) are unchanged with a £3m receipt anticipated in short order alongside a seasonally positive H2 working capital profile. Whi ....