Full Year Results 

Fenner demonstrates firm recovery

Fenner demonstrates firm recovery

Underlying pre-tax profits at Fenner (FENR) came in 4 per cent ahead of analysts’ expectations for the August 2017 year-end, rising 95 per cent on the year before, as the group cemented a clear recovery following a difficult few years. The polymer specialist also struck an optimistic tone when discussing current-year prospects, prompting analysts at N+1 Singer to consider upgrading current-year forecasts. Prior to these numbers, the broker expected pre-tax profits of £51m for the year ending August 2018, giving EPS of 18p, up from £45.3m and 17.7p in FY2017.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now