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Davy Research

CPL Resources

Full-year trading update signals good H2 performance

Jul 11 2019, 07:15 IST/BST
Ross Harvey CFA
Jack O'Halloran
Company Report
5 page(s)

Companies : CPL Resources

Person's Name

Ross Harvey CFA

Analyst

Person's Name

Jack O'Halloran

Analyst

DAVY VIEW

Cpl Resources has maintained the strong momentum that it generated in H1, when it recorded double-digit earnings growth, into H2. We expect this was supported by similar themes — profitable growth in Flexible Talent and improved conversion metrics underpinned by cost discipline. The company's positioning remains highly attractive and we reiterate our ‘Outperform’ rating.

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Jul 11 2019, 07:15 IST/BST