Earnings growth of 13% in FY16 reflects a number of strong performances overseas, which aligned with acquisitions and currency tailwinds offset weaker UK and Middle East markets. We anticipate acceleration in growth rates in FY17 reflecting organic growth as underperforming markets stabilise and the full year benefits from acquisitions; Arden forecast FY17 earnings growth of 23%. Whilst the shares have been a strong performer of late, we believe the valuation, highlighted in a FY17 PEG ratio
01 Mar 2017
FY16 results
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FY16 results
Empresaria Group plc (EMR:LON) | 36.5 0 0.0% | Mkt Cap: 18.2m
- Published:
01 Mar 2017 -
Author:
Ben Thefaut -
Pages:
6
Earnings growth of 13% in FY16 reflects a number of strong performances overseas, which aligned with acquisitions and currency tailwinds offset weaker UK and Middle East markets. We anticipate acceleration in growth rates in FY17 reflecting organic growth as underperforming markets stabilise and the full year benefits from acquisitions; Arden forecast FY17 earnings growth of 23%. Whilst the shares have been a strong performer of late, we believe the valuation, highlighted in a FY17 PEG ratio