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Leading International Investment Research, Edison Investment Research

Equity Bottom-Up

<p>Acal continues to see strong trading, with organic constant currency year-on-year revenue growth of 9% in Q118. Order intake also remains strong, with a 15% organic growth rate in the quarter. We maintain our forecasts but highlight that if growth continues at a similar rate in Q2, there may be scope for upgrades.</p>

Acal continues to see strong trading, with organic constant currency year-on-year revenue growth of 9% in Q118. Order intake also remains strong, with a 15% organic growth rate in the quarter. We maintain our forecasts but highlight that if growth continues at a similar rate in Q2, there may be scope for upgrades.

Acal PLC

Positive trading continues through Q1