Rotala (ROL.L) today announced positive H1 results as the Group’s strategy of steady organic growth is complimented by acquisitive earnings enhancement. Adjusted operating profit increased 18.1% to £2.32m (H1 2017: £1.96m) and we believe the Group is on track for significant FY18E growth given the Group’s strong seasonality with H2 bias. Rotala is trading in-line with market expectations and we continue to recommend buying shares with a target price of 80p.
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Slow and steady, Rotala gearing up for strong FY18.
- Published:
09 Aug 2018 -
Author:
Thomas Like -
Pages:
4
Rotala (ROL.L) today announced positive H1 results as the Group’s strategy of steady organic growth is complimented by acquisitive earnings enhancement. Adjusted operating profit increased 18.1% to £2.32m (H1 2017: £1.96m) and we believe the Group is on track for significant FY18E growth given the Group’s strong seasonality with H2 bias. Rotala is trading in-line with market expectations and we continue to recommend buying shares with a target price of 80p.