Card Factory plc CARD claims a robust performance in a challenging consumer environment for the year to the 31st December. Unfortunately looking at the actual figures, robust must mean different things to different people.. True, revenue rose by 3% although on a like-for-like basis sales were flat. However profit before tax fell by 8.3%, EBITDA by 8.7% and basic earnings per share by 12%. Cover for the ordinary dividend fell from 2.03x to 1.89x
Galliford Try plc GFRD is undertaking a strategic review which will reduce the size of the Construction business. It is anticipated that as a result profitability will be reduced by £30m-£40m below current consensus analysts’ forecasts. The damage reflects a reassessment of some legacy and current contracts, the effect of some recent adverse settlements and the costs of the restructure. The single largest element relates to the Queensferry Crossing venture where costs have increased.These are in addition to the claim in respect of the completed Aberdeen Western Peripheral Route, and the previously disclosed £38m work in progress balance in respect of three contracts for a single client, Significantly management appears to have avoided laying any blame at its own door.
JD Sports Fashion JD reports record results for the 52 weeks to the 2nd February with revenue up by 49,2% and EBITDA by 26.8%. Profit before tax rose by 15.4% and the total dividend is increased from 1.63p per share to 1.71. No need to worry about the meaning of robust, there, with total like for like sales growth in global Sports Fashion fascias of more than 6%.
G4S plc GFS updates for the three months to the end of March 2019 that Group revenue was 4.8% higher than the first quarter of last year, with growth in all regions and divisions.. Good progress is being made with the separation review which has the aim of turning the group into two strong, independent businesses that are able to take advantage of their market leading positions. The Board believes that this has the potential to unlock substantial shareholder value.