FY2017 results will be significantly below expectations predominantly due to the poor performance of the Technical division. It has been impacted by further weakness in the oil & gas sector and a marked deterioration in replacement work. Shipbroking continues to trade well, in line with expectations. FY2017 operating profit is now expected to be £3.0m-£3.5m vs. (SSL estimate £9.0m). The final dividend will be lower than forecast at 5p, making a total of 14p (26p). We hav
23 Jan 2017
Technical continues to underperform.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Technical continues to underperform.
Braemar PLC (BMS:LON) | 272 5.5 0.7% | Mkt Cap: 89.7m
- Published:
23 Jan 2017 -
Author:
Peter Ashworth -
Pages:
5
FY2017 results will be significantly below expectations predominantly due to the poor performance of the Technical division. It has been impacted by further weakness in the oil & gas sector and a marked deterioration in replacement work. Shipbroking continues to trade well, in line with expectations. FY2017 operating profit is now expected to be £3.0m-£3.5m vs. (SSL estimate £9.0m). The final dividend will be lower than forecast at 5p, making a total of 14p (26p). We hav