UK's Genuit Group falls on lower fiscal year profit outlook

Genuit

22/05/2026 08:30

Corrects headline to say company is forecasting profit at lower end of estimates, not lowering profit outlook

** Shares of Genuit Group GENG.L down as much as 6% to 245.69p - biggest loser on the midcap index .FTMC

** Sustainable water solutions manufacturer expects FY26 underlying operating profit at the lower end of analyst estimates after the Middle East conflict drove up polymer and freight costs

** Company-compiled analyst consensus range for FY26 underlying operating profit stands at £94.7 mln-£105.5 mln

** YTD, stock is down 23%

 (Reporting by Neeshita Beura in Bengaluru)

 ((Neeshita.Beura@thomsonreuters.com))