11 October 2018 – trading update
The company has released a trading update ahead of its interim results announcement, scheduled for 15 November. Group underlying operating profit for the first half is expected to be in line with expectations. Group revenue for the first half is expected to be approximately £162.5m (2017: £145.0m). Closing half year net debt is expected to be around £54m (2017: £20.8m), in line with expectations following the acquisition of Merlyn in the second half of last year. Trading for the full year remains in line with expectations. BUY.