Earnings growth of 8% in FY17 highlights the benefit of a broad spread of geographies and acquisition delivery that has contributed to compound organic profit growth of 6% p.a. over the past four years. Our FY18 estimates take a cautious view of the impact of structural changes in Germany and this appears fully factored in the valuation following the share price reaction postdowngrade in November 2017. Sentiment should move in the group’s favour as it delivers to current expectations on
14 Mar 2018
FY17 results – no change to forecasts
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FY17 results – no change to forecasts
Empresaria Group plc (EMR:LON) | 36.5 0 0.0% | Mkt Cap: 18.2m
- Published:
14 Mar 2018 -
Author:
Ben Thefaut -
Pages:
7
Earnings growth of 8% in FY17 highlights the benefit of a broad spread of geographies and acquisition delivery that has contributed to compound organic profit growth of 6% p.a. over the past four years. Our FY18 estimates take a cautious view of the impact of structural changes in Germany and this appears fully factored in the valuation following the share price reaction postdowngrade in November 2017. Sentiment should move in the group’s favour as it delivers to current expectations on