The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMUR.L Regulatory News (MUR)

  • There is currently no data for MUR

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Trading Statement

24 Jan 2017 07:00

RNS Number : 8997U
Murgitroyd Group PLC
24 January 2017
 

 

Murgitroyd Group PLC ("the Group")

Trading update statement and notice of interim results

 

 

The Board of Murgitroyd Group PLC issues the following trading update in respect of the financial year ending 31 May 2017.

 

The Group's earnings for the first half of the financial year were, given the impact of the previously announced acquisition completed on 23 June 2016, always expected to be lower than last year's equivalent level.

 

However, the combination of the acquisition, a significant increase in the level of investment in business development, sales and marketing, and lower than anticipated revenue growth means that interim earnings are also behind management's budgeted level.

 

The Board, cognisant of current macro-economic uncertainty, has also concluded that the implied improvement in operating performance during the remainder of the financial year necessary to meet current market forecasts is unlikely to be delivered and, as a result, that the outcome for the full year will fall short of market forecasts, and likely see reduced full-year 2017 earnings.

 

Operating cash flow, however, remains strong. Accordingly, the Board expects to announce a modest increase in dividend at the interim stage, consistent with its commitment to a progressive dividend policy.

 

The Group will provide a detailed update on the current trading position and outlook within the interim results statement expected to be released on 30 January 2017.

 

 

For further information, please contact:

 

Keith Young, Murgitroyd Group PLC T: 07802 951913

Sandy Fraser, N+1 Singer (NOMAD and Broker) T: 0207 496 3000

Nadja Vetter, Cardew Group T: 07941 340436

Emma Crawshaw, Cardew Group T: 07971 468308

Cardew Group T: 0207 930 0777

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTGMGZMGFVGNZZ
Date   Source Headline
19th Dec 201911:00 amRNSScheme of Arrangement becomes Effective
19th Dec 20197:30 amRNSSuspension - Murgitroyd Group Plc
18th Dec 20199:33 amRNSForm 8.5 (EPT/RI) Murgitroyd Group Plc
17th Dec 201912:45 pmRNSCourt Sanction of Scheme of Arrangement
16th Dec 20195:30 pmRNSMurgitroyd Group
16th Dec 20199:52 amRNSForm 8.5 (EPT/RI) Murgitroyd Group Plc
13th Dec 20199:54 amRNSForm 8.5 (EPT/RI) Murgitroyd Group Plc
12th Dec 201911:56 amRNSForm 8.5 (EPT/RI) Murgitroyd Group Plc
4th Dec 20199:07 amRNSForm 8.5 (EPT/RI) Murgitroyd Group
3rd Dec 20193:18 pmRNSForm 8.3 - [Murgitroyd Group plc]
3rd Dec 20199:51 amRNSForm 8.5 (EPT/RI) Murgitroyd Group Plc
29th Nov 201911:27 amRNSForm 8.5 (EPT/RI)
29th Nov 20199:57 amRNSForm 8.3 - Murgitroyd Group plc
29th Nov 20199:53 amRNSForm 8.3 - Murgitroyd Group PLC
27th Nov 20199:35 amRNSForm 8.5 (EPT/RI) Murgitroyd Group
26th Nov 20194:04 pmRNSResults of Shareholder Meetings
26th Nov 20199:31 amRNSForm 8.5 (EPT/RI) Murgitroyd Group Plc
22nd Nov 201910:04 amRNSForm 8.3 - Murgitroyd Group PLC
22nd Nov 20199:48 amRNSChange of address
19th Nov 20193:19 pmRNSForm 8.3 - [Murgitroyd Group]
18th Nov 201911:07 amRNSForm 8.3 - Murgitroyd Group plc
18th Nov 201910:22 amRNSForm 8.3 - MURGITROYD GROUP  PLC
18th Nov 20199:31 amRNSForm 8.5 (EPT/RI)
15th Nov 201912:04 pmRNSForm 8.5 (EPT/RI)
14th Nov 20199:49 amRNSForm 8.3 - MURGITROYD GROUP  PLC
13th Nov 20199:35 amRNSForm 8.5 (EPT/RI)
12th Nov 201910:16 amRNSForm 8.5 (EPT/RI)
12th Nov 20199:09 amRNSForm 8.3 - MURGITROYD GROUP  PLC
11th Nov 201911:38 amRNSForm 8.3 - Murgitroyd Group Plc
11th Nov 201910:24 amRNSForm 8.5 (EPT/RI)
8th Nov 20194:29 pmRNSCorrection of CREST participant ID
8th Nov 201911:45 amRNSForm 8.5 (EPT/RI)
8th Nov 20199:47 amRNSForm 8.3 - Murgitroyd Group PLC
7th Nov 201912:12 pmRNSForm 8.3 - Murgitroyd Group Plc
7th Nov 20199:31 amRNSForm 8.3 - Murgitroyd Group plc
5th Nov 201910:04 amRNSForm 8.3 - Murgitroyd Group plc
5th Nov 20199:00 amRNSForm 8.5 (EPT/RI)
4th Nov 20192:28 pmRNSForm 8.3 - [Murgitroyd Group]
4th Nov 201912:57 pmRNSForm 8.3 - Murgitroyd Group plc
4th Nov 201911:26 amRNSForm 8.5 (EPT/RI)
31st Oct 20191:07 pmRNSResult of AGM
31st Oct 201911:55 amRNSForm 8.5 (EPT/RI) Murgitroyd Group
30th Oct 20194:30 pmRNSPosting of Scheme Document
30th Oct 20198:56 amRNSForm 8.5 (EPT/RI)
29th Oct 20191:02 pmRNSForm 8 (OPD) - Project Petra Bidco Limited
29th Oct 201911:28 amRNSForm 8.3 - Murgitroyd Group Plc
29th Oct 201910:41 amRNSForm 8.3 - Murgitroyd Group Plc
29th Oct 20198:54 amRNSForm 8.5 (EPT/RI)
25th Oct 20191:37 pmRNSForm 8.3 - [Murgitroyd Group Ord GBP0.10]
25th Oct 20191:37 pmRNSForm 8.3 - [Murgitroyd Group Ord GBP0.10]

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.