Q1 22 LFL comes short due to contract phasing in non-nuclear
Q1 22 sales came in at EUR125m up 9.2%, of which 2.3% was LFL. We were expecting sales of EUR122m and organic growth at 5.1%. The shortfall to our forecasts was mainly due to the non-nuclear business. Nuclear sales were up 6.3%, consistent with our estimates and driven by good level of activity in France and the UK. The non-nuclear business saw a stronger contribution from MandA but lower organic growth (-6.6%) due to unfavourable ph ....

28 Apr 2022
Q1 22 sales slightly shy due to contract phasing

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Q1 22 sales slightly shy due to contract phasing
- Published:
28 Apr 2022 -
Author:
Lahmidi Mourad ML -
Pages:
6 -
Q1 22 LFL comes short due to contract phasing in non-nuclear
Q1 22 sales came in at EUR125m up 9.2%, of which 2.3% was LFL. We were expecting sales of EUR122m and organic growth at 5.1%. The shortfall to our forecasts was mainly due to the non-nuclear business. Nuclear sales were up 6.3%, consistent with our estimates and driven by good level of activity in France and the UK. The non-nuclear business saw a stronger contribution from MandA but lower organic growth (-6.6%) due to unfavourable ph ....