CPL Resources

Entering the New Year with strong momentum

  • Sectors : Recruitment
  • Companies : CPL Resources

Ratings and price correct at time of issue.

  • CPL Resources

    Closing Price: 590c

  • RATING 30/06/09



Cpl has capitalised on a solid market backdrop to deliver a strong performance in FY2018. Profit before tax (PTB) for the year is expected to be in-line with expectations, implying 15% growth on the prior year. Achieving this in the context of a challenging UK healthcare environment highlights the company’s adaptability, while a strong temp performance, in response to changing market needs, demonstrates execution capability. We expect to put through low-single-digit upgrades to our FY2019 forecasts and see valuation levels, most notably 8.0x FY2019 ex-cash P/E, as attractive.

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Jul 12 2018, 07:25 IST/BST