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Low & Bonar (LON:LWB) - Bulking up the base businesses

Tuesday, Feb 05 2013 by

Feb 05th 2013 - Edison Investment Research today published a report on Low & Bonar (LWB.L, LSE:LWB, LON:LWB) entitled "Bulking Up The Base Businesses". In summary, the report says:

FY12 results modestly exceeded expectations, achieving some y-o-y progress in the face of significant euro and Yarns headwinds. The two largest divisions delivered constant FX revenue growth and margin expansion, while also making organisational changes in preparation for an enhanced global sector strategy. Resolving the Yarns drag would make these actions more visible, demonstrating underlying business momentum, and further enhance the rating attraction on slightly lower estimates.




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Edison Investment Research

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Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »