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May 25 2022, 07:55 IST/BST
Volution
Guiding full year earnings will be towards the upper end of market expectations
- Sectors : Building products
- Companies : Volution
DAVY VIEW
Volution’s ad-hoc trading update has indicated that the group expects full year earnings to be at the upper end of market expectations. Our initial take is that this signals a circa 4% upgrade to the consensus estimate. The update underlines that Volution continues to deliver operationally and is on course to deliver low-teens earnings growth for the year to end-July. This is impressive in what are testing conditions and clearly supports the investment case.
