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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