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.

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