Carr's Share Discussion Threads

[redartbmud] 13/4/2015 08:31

Evidence of recovery in the nuclear industry with new contracts for the Engineering division.

That should help underpin profits, as these contracts tend to be longer term obligations.

All good going.

[pottsypotts] 13/4/2015 08:29

Just scanning over them after reading the results, quite a diversified company!

[cwa1] 13/4/2015 08:16

Not sure what first/second half split is likely to be for earnings but with over 8p in the bag for the first half and a confident outlook for the second half, it looks as if the forecast figures from brokers could be well beaten. Fingers crossed anyway!

Let me know if anyone else is here, or if I'm talking to myself ;-)

[cwa1] 13/4/2015 08:13

Expectations seem to be:-

EPS 13.5 and dividend of 3.6 for year ending 31/8/15

[cwa1] 13/4/2015 08:07

Morning All

Thought I would start a thread for CARR, the former Carr's Milling, after seeing their results this morning and adding a few at the opening.

Link to results:-



Highlights:-

Financial highlights

· Revenue down 2.8% to £208.6m (H1 2014: £214.7m)

· Profit before tax up 5.4% to £10.6m (H1 2014: £10.1m)

· Basic EPS up 9.0% to 8.5p (H1 2014: 7.8p)

· Adjusted EPS2 up 11.5% to 8.7p (H1 2014: 7.8p3)

· First interim dividend up 8.8% to 0.925p (H1 2014: 0.85p3)

· Net debt of £26.0m (£24.6m as at 30 August 2014)





Commercial highlights

· Record first half performance demonstrating the strength of the Group's operational and geographic diversity

· Outstanding performance by the USA feed block business

· Strength of global feed block brands delivers record sales

· Investment in UK retail Country Store network drives retail sales growth

· Evidence of recovery in the UK nuclear industry with new contracts for the Engineering division

· Growth maintained in the Food division following the step change in performance last year



Tim Davies, Chief Executive Officer, commented:



"The strength of the Group, with its international operations and diversity of business, has been demonstrated in the delivery of a record performance in the first six months. This result has been achieved despite some challenging conditions in some of the markets within which we operate.



Trading in the second half has started well and we remain on track to meet the Board's expectations for the full year."