Brief: Genuit Group Reports Middle East Revenue About 50% Lower YoY Due To Conflict
22/05/2026 07:22
May 22 (Reuters) - Genuit Group PLC GENG.L: GENUIT GROUP PLC - TRADING UPDATE GENUIT GROUP: MIDEAST CONFLICT, PREVAILING UK MACROECONOMIC ENVIRONMENT HAS RESULTED IN LOWER MARKET VOLUMES, SIGNIFICANT COST INFLATION, IN POLYMERS GENUIT GROUP PLC - FOUR-MONTH REVENUE TO 30 APRIL 2026 £198.5M, DOWN 0.4% YEAR-ON-YEAR GENUIT GROUP PLC - MIDDLE EAST REVENUE ABOUT 50% LOWER YEAR-ON-YEAR DUE TO CONFLICT GENUIT GROUP PLC: BOARD ANTICIPATES GROUP UNDERLYING OPERATING PROFIT TO BE TOWARDS LOWER END OF CURRENT ANALYST ESTIMATES FOR FULL YEAR 2026 GENUIT GROUP PLC - ACCELERATING SIMPLIFICATION INITIATIVES TARGETING £4M-£5M ANNUALISED COST SAVINGS Source text: ID:nRSV3428Fa Further company coverage: GENG.L ((Reuters.Briefs@thomsonreuters.com;))