Analyst Research Report Snapshot

Title:

CRESTON - STRONGER INDICATORS FOR H2

Price:

$10.00

Provider:

Edison Investment Research

Date:

28 Nov 2013

Pages:

5

Type:

AcrobatPDF

Companies referenced:

CRCRE.L

Available for Immediate Download
Summary:

After an exceptionally busy period of pitching, Creston is well placed to resume growth in H214, with momentum carrying in to FY15. Volatility in the timing of client work and pitching costs both affected H114 results, but the very strong new business performance, with an additional £7.9m of annualised revenues gained in H114, with further wins since, underpins revised forecasts. The rating continues to stand at a considerable discount to peers, which should correct with improved consistency of delivery.

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