RE: Back to the 20’s11 Oct 2023 09:14
Outlook
• Full-year expectations remain unchanged
• On track to deliver acceleration in financial performance in 2023
• Target to double the Group EBIT margin over the medium term, underpinned by £40m cost savings by the end of 2024
Shore Capital:- 50% upside
"Over the next year we expect to see free cash flow strengthen and profitability rise. Given survival and operating improvement, we can't justify a 20p share price and a 'hold' stance."