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Nov 19 2024, 08:21 GMT
Genuit Group
Trading conditions remain subdued as cost pressures increase
- Sectors : Building products
- Companies : Genuit Group
DAVY VIEW
Genuit’s trading update suggests it has delivered a relatively resilient performance since July even as trading conditions remain subdued. Downside risk to current year adjusted operating profit forecasts should be relatively limited. However, along with the expectation that the operating environment will remain sluggish, there is pressure on its cost base into 2025. This will likely limit the potential for near-term earnings growth and accordingly current profit expectations for next year will need to be reviewed.
