bullish

Low & Bonar - H1 profits disappoint but change is underway

56 Views23 Jul 2018 16:50
Issuer-paid
SUMMARY

The new management team has a clear focus on improving financial and operational performance across the group and individual business units. H1 results bear testament to a number of challenges faced in the period but also showed signs that actions are beginning to take effect. We have reduced our EPS estimates (by c 20% this year, c 10% in the following two) to reflect more conservative margin assumptions.

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