7 September 2017 – trading update
The company has announced a trading update ahead of interim results covering the six months ending 22 September 2017, which are due to be released on 22 November. Overall there has been good performance with sustained momentum. There has been solid organic and acquisition revenue growth. Underlying profit growth has been driven by a strong operational performance and cost control, including the delivery of acquisition synergies. O’Brien Waste Recycling Solutions Holdings Limited, a leading provider of waste and recycling solutions in the North East of England, has performed well since its recent acquisition and the company is actively exploring further acquisitions. The company’s balance sheet remains strong, with cash generation and net debt also in line with our expectations. Overall the company ‘remains confident’ in its strategy, commercial opportunities and outlook for the full year. We continue to rate the shares as a BUY.