24 January 2024 - trading update
The specialist engineering group has issued a trading update covering the year to 31 December which has confirmed that trading remained strong in the last quarter of the year. An improvement in margins was partly offset by inflation, volatility in customer demand and adverse currency movements although the company still expects to produce results for the year ahead of expectations. Revenues for the year are expected to be €3.5bn, much in line with our forecast last August, and if pre-tax profits rise to €177m for earnings per share of €0.22 (18.8p . . .
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