Rotala plc (ROL.L) today announced strong FY17 results. The three acquisitions made by the Group in the year grew the top and bottom line while better positioning ROL to benefit from any fall out in the West Midlands or Manchester as a result of the 2017 Bus Services Act. We remain confident in Rotala’s buy and build strategy and believe the shares remain undervalued. We are forecasting strong earnings growth with adj EPS forecast to increase 30.6% in the two years to FY19E.
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Strong results put Rotala firmly in the driver’s seat.
- Published:
12 Apr 2018 -
Author:
Thomas Like -
Pages:
5
Rotala plc (ROL.L) today announced strong FY17 results. The three acquisitions made by the Group in the year grew the top and bottom line while better positioning ROL to benefit from any fall out in the West Midlands or Manchester as a result of the 2017 Bus Services Act. We remain confident in Rotala’s buy and build strategy and believe the shares remain undervalued. We are forecasting strong earnings growth with adj EPS forecast to increase 30.6% in the two years to FY19E.