Source - SMW
Laird expects full year underlying profit before tax to be towards the top end of current market forecasts following a strong third quarter.

Laird said revenue for the three months to the end of September continued the much improved performance seen in the first half.  

It said revenue in sterling for the third quarter grew by 19% to £245m (Q3 2016: £207m). 

 On an organic constant currency basis, revenue was up 16%.   Year to date, for the nine month period to 30 Sep, revenue increased 23% to £686m (year to date September 2016: £560m). 

On an organic constant currency basis, revenue was up 12%.   It said that within the improved organic constant currency growth rate reported in Q3, there was some benefit from the timing of public holidays in Asia and Europe, which resulted in revenue being generated earlier than usual. 

This timing impact, along with the stronger comparative in Q4, would result in more modest growth in the final quarter.   It added: 'As a result of the revenue performance, we anticipate reporting full year underlying profit before tax towards the top end of current market forecasts for 2017.

'The group's financial position is robust and there remains significant headroom under existing debt facilities.'






Related Charts

Laird (LRD)

0.00 (0.00%)
delayed 17:30PM