Augean has provided a solid update to accompany its AGM, confirming strong trading in the year to date, in line with management expectations for the year. It is not yet clear whether volatility in the oil price will disrupt Augean’s North Sea Services in H2, which we pre-emptively built into our forecasts in January as a precaution. However the group’s performance so far bodes well for progress in the year as a whole. Our forecasts show adjusted EPS growth of 11% for the year despite our cautiou ....
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Trading in line with expectations
- Published:
04 Jun 2015 -
Author:
Jo Reedman -
Pages:
3
Augean has provided a solid update to accompany its AGM, confirming strong trading in the year to date, in line with management expectations for the year. It is not yet clear whether volatility in the oil price will disrupt Augean’s North Sea Services in H2, which we pre-emptively built into our forecasts in January as a precaution. However the group’s performance so far bodes well for progress in the year as a whole. Our forecasts show adjusted EPS growth of 11% for the year despite our cautiou ....