UK's Genuit plunges after it forecasts profit below market estimates
17/11/2025 09:50
Nov 17 (Reuters) - ** Shares of British sustainable water solutions manufacturer Genuit Group GENG.L down 13.5% at 307p, in biggest one day percentage loss on record ** Co top loser on FTSE mid 250 .FTMC, which is down 0.36% ** GENG expects FY underlying operating profit between 92 million pounds and 95 million pounds($121-$125 million), compared to analyst consensus of between 95 million pounds and 99 million pounds ($125-$130.4 million), according to a company compiled consensus. ** GENG expects current subdued market conditions to persist through 2025 and into early 2026, driven by uncertainty around the November UK Budget and the current economic outlook ** In the four months ended October 2025, revenue increased by 7.1% on a reported basis and 3.7% on a like-for-like basis; says have seen a moderation in market volumes ** With the slower backdrop likely to persist into 1Q next year, we expect FY26E operating profit consensus to fall by 4–5% - Peel Hunt **GENG stock has fallen nearly 22% YTD vs FTMC's rise of 5.4% ($1 = 0.7596 pounds) (Reporting by Akshaya V) ((akshayav@thomsonreuters.com))