bullish

WYG PLC

WYG - Slower than expected revenue build

74 Views28 Nov 2017 22:31
Issuer-paid
SUMMARY

UK workflow in some Consultancy Services lines is not coming through as quickly as anticipated in the August trading update, though international performance has shown more stability. FY18 guidance is now for £3.5m to £4m group EBIT and, pending an update with H118 results (5 December), we have elected to reflect the lower revenue run rate in future periods also. A period of consistent earnings delivery is required to improve sentiment.

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