6 February 2018 – trading update
The group has issued a trading update confirming that underlying earnings for the year ending 31 January will be in line with expectations. Revenues for the year will be a record although slightly lower than previously expected, although margins will be higher than forecast due to efficiency improvements and increased sales of higher margin products and services. Although there have been headwinds in certain parts of the business the group enters the new financial year with a strong order book and bid pipeline. We believe the recent fall in the share price is a BUYING OPPORTUNITY.