Acal plc Announces Net Debt Results for the Period from October 1, 2016 to December 31, 2016; Provides Group Earnings Guidance for the Period from October 1, 2016 to December 31, 2016
The company provided group earnings guidance for the period from October 1, 2016 to December 31, 2016. Trading in the third quarter was in line with management expectations. Group sales increased by 21% and by 5% CER, with orders up 4% CER. As expected, organic sales for the quarter improved, being flat with last year compared with a 7% decline in the first half. The group remains on track to deliver positive organic growth in the final quarter. Gross margins remain firm and ahead of last year, and operating costs continue to be tightly managed. The company maintains its earnings forecast for the full year.