16 September 2024 - trading update
The company has surprised the market with the release of a trading statement today which has shown that trading has been much worse than expectations. As a result, group operating profit is expected to be in the range of £37m to £42m compared with previous expectations of £54m to £56.8m. At the announcement of the interim results, the company had revealed that trading was difficult although the restructuring programme was showing benefits and so some recovery in the second half was likely. However, operational issues at two sites in North America have had a . . .
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