Tribal H1’17 results built on the progress achieved in 2016 and has brought the group back to full statutory profit. There was positive progress across all lines of business, with particular outperformance in the QAS business and key contracts secured in the Middle East and Asia Pacific. Moreover, additional cost savings have been realised, helping to drive our 6-9% EPS upgrades in 2018 and 2019 (2017 unchanged). We believe this business can generate 15-20% EBIT margin (2017e: 8.7%); there is a ....
07 Sep 2017
N+1 Singer - Tribal Group - On track, 6-9% EPS upgrades in 2018 and 2019
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N+1 Singer - Tribal Group - On track, 6-9% EPS upgrades in 2018 and 2019
Tribal Group plc (TRB:LON) | 44.0 0 0.0% | Mkt Cap: 93.5m
- Published:
07 Sep 2017 -
Author:
Tintin Stormont -
Pages:
9
Tribal H1’17 results built on the progress achieved in 2016 and has brought the group back to full statutory profit. There was positive progress across all lines of business, with particular outperformance in the QAS business and key contracts secured in the Middle East and Asia Pacific. Moreover, additional cost savings have been realised, helping to drive our 6-9% EPS upgrades in 2018 and 2019 (2017 unchanged). We believe this business can generate 15-20% EBIT margin (2017e: 8.7%); there is a ....