UK's Ricardo falls as market uncertainty hits outlook

Ricardo

22/04/2025 08:33

** Shares of British consulting firm Ricardo RCDO.L fall as much as 2.2% at 222 pence

** Co forecasts to deliver trading within the range of analyst views for FY24/25, reflecting the impact of increased market uncertainty on short-term orders

** Analysts expect RCDO to post 21.4 million pounds ($28.66 million) in annual operating profit and 373.7 million pounds in annual revenue, according to data compiled by LSEG

** Co sees to achieve at least an incremental 10 million pounds of cost savings in FY25/26

** As of last close, stock down ~46% YTD

($1 = 0.7466 pounds)

 (Reporting by DhanushVignesh Babu in Bengaluru)

 ((DhanushVignesh.Babu@thomsonreuters.com;))