RPS logo

RPS - RPS News Story

167p 8.2  5.2%

Last Trade - 13/12/19

Mid Cap
Market Cap £379.2m
Enterprise Value £527.0m
Revenue £565.3m
Position in Universe 639th / 1841

BUZZ-RPS: Slumps, Australian weakness to drag 2019 results lower

Wed 26th June, 2019 1:21pm
(Adds analyst comments)
    ** Business consultancy firm RPS Group's shares  RPS.L  fall
over 40%; hit over 10-1/2-year low
    ** Co says FY 2019 results will be "materially below
management and market expectations" due to adverse impact of
recent trading conditions in Australia & Asia Pacific (AAP) unit
    ** Co says Australian economy is experiencing its slowest
growth since 2009, public sector infrastructure work has been
affected by recent state elections in Victoria and in New South
    ** "Both elections resulted in the return of existing
majority governments but there has been some hiatus in
infrastructure spend," co says 
    ** Analysts at Peel Hunt cuts its RPS 2019 PBT forecast by
    ** "Notwithstanding the near-term impact, RPS is well placed
to benefit when the Australian market recovers" - Peel Hunt

 (Reporting by Shariq Khan and Justin George Varghese in
© Stockopedia 2019, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.