Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Fenner plc    FENR   GB0003345054

FENNER PLC (FENR)
Mes dernières consult.
Most popular
  Report  
Delayed Quote. Delayed  - 02/23 05:35:09 pm
479.8 GBp   +3.32%
01/25FENNER PLC : Ex-dividend day for for final dividend
FA
01/12FENNER : Result of AGM
PU
01/11FENNER : AGM Trading Update
PU
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Fenner : UK's Fenner FY profit, revenue beat estimates on order uptick

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/15/2017 | 09:03am CET

(Reuters) - Fenner Plc posted a 59 percent jump in underlying operating profit on Wednesday, as improved order intake and robust growth across its businesses aided the engineering firm in beating estimates.

Fenner's advanced engineered products (AEP) unit, that generated 45 percent of the group's annual revenue, recorded an 11 percent rise in revenue, helped by growth at its U.S. oil & gas and medical businesses.

The company, which makes polymer products and conveyor belts for industrial customers including miners, said operating profit rose to 59.1 million pounds for the year ended Aug. 31 from 37.1 million pounds a year earlier.

Revenue rose 14 percent to 655.4 million pounds.

Analysts were expecting full-year revenue of 639.84 million pounds, and an operating profit of 47.1 million pounds, according to Thomson Reuters I/B/E/S.

Engineering companies had been hard hit as customers in the oil, gas and mining businesses cut orders, and waited longer than usual to replace parts in the face of a widespread slump in commodity prices.

Like its peers, Fenner has also been forced to cut jobs and save costs to combat the fall in orders.

Fenner said the outlook for the firm is "strengthening", entering into 2018.

"Overall, given the structural growth opportunities that the group has created, the board anticipates that the outcome will be above its previous expectations," Chief Executive Mark Abrahams said.

(Reporting by Justin George Varghese in Bengaluru; Editing by Amrutha Gayathri and Sunil Nair)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FENNER PLC
01/25FENNER PLC : Ex-dividend day for for final dividend
FA
01/12FENNER : Result of AGM
PU
01/11FENNER : AGM Trading Update
PU
2017FENNER : Documents available for viewing/Notice of AGM
PU
2017Just Eat to join top table of British business
RE
2017FENNER : UK's Fenner FY profit, revenue beat estimates on order uptick
RE
2017FENNER PLC : annual earnings release
2017FENNER : IIROC Trade Resumption - Fennec Pharmaceuticals Inc.
AQ
2017FENNER : IIROC Trade Halt - Fennec Pharmaceuticals Inc.
AQ
2017FENNER : Charter Medical Announces Completion of Major Rebranding Initiative
AQ
More news
News from SeekingAlpha
02/20THE IMITATION GAME : Part 2 
2015FPA International Is On Track To Being A Great Fund 
Financials ( GBP)
Sales 2018 677 M
EBIT 2018 69,2 M
Net income 2018 31,9 M
Debt 2018 56,9 M
Yield 2018 1,09%
P/E ratio 2018 29,14
P/E ratio 2019 21,76
EV / Sales 2018 1,41x
EV / Sales 2019 1,31x
Capitalization 901 M
Chart FENNER PLC
Duration : Period :
Fenner plc Technical Analysis Chart | FENR | GB0003345054 | 4-Traders
Technical analysis trends FENNER PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 4,79  GBP
Spread / Average Target 3,2%
EPS Revisions
Managers
NameTitle
Mark Simon Abrahams Chief Executive Officer & Director
Vanda Murray Non-Executive Chairman
John Pratt Group Finance Director & Executive Director
Geraint Anderson Non-Executive Director
Chris Surch Senior Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
FENNER PLC20.03%1 258
SCHINDLER HOLDING AG0.67%25 688
KONE OYJ0.69%24 999
DAIFUKU CO., LTD.9.90%8 058
ZARDOYA OTIS-2.85%5 197
SJEC CORP37.57%3 966