We are encouraged by the interim results for Northbridge Industrial Services (‘Northbridge’). The move to a positive, albeit modest, adj. PBT for the first time since H2 2014, signifies that a major milestone has been reached. The step to profits is six months ahead of our expectation. We have increased our adj. PBT estimate for FY2019, anticipating that the recovery in the Group’s markets is likely to broaden further and the operational gearing push profitability higher. In
26 Sep 2019
Progress is ahead of plan
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Progress is ahead of plan
- Published:
26 Sep 2019 -
Author:
David O’Brien -
Pages:
8
We are encouraged by the interim results for Northbridge Industrial Services (‘Northbridge’). The move to a positive, albeit modest, adj. PBT for the first time since H2 2014, signifies that a major milestone has been reached. The step to profits is six months ahead of our expectation. We have increased our adj. PBT estimate for FY2019, anticipating that the recovery in the Group’s markets is likely to broaden further and the operational gearing push profitability higher. In