Report

Next Financial Targets in Sight - New Growth Targets

​Despite the uncertainty that followed the EU referendum, Waterman has continued trade well with good levels of enquiries and new commissions. It has a sufficiently broad operational and geographic spread to provide continued resilience and is likely to benefit from the recent increase in government funding for road spending. In addition, the fall in sterling will positively affect reported profits from Australia. The most recent trading updates point to a consistent order book for the first half of the year and indicate that the full year outturn will be a touch better than last year. In addition, the company is on track to deliver its objective to improve adjusted operating margin from its current level of 4% towards 6% by 2019.

Underlying
Waterman Group

Provider
Capital Access Group
Capital Access Group

Capital Access Group advises companies on effective engagement with investors. Our experienced team offers market-leading access with hard-to-reach investors, including smaller institutions, pension funds and private client fund managers. These under-serviced investors are located not only in London but across the regions of the UK and Europe. We have an unrivalled knowledge of this extensive audience, to whom our published research is distributed, as well as to larger institutions. We offer this service as part of an integrated investor communications strategy to promote a company’s investment story.

Our clients, ranging from AIM to FTSE 100 companies, benefit from our professional, long-term relationships with investors. Not only do we identify and target investors, we contact them directly and relay their views back to clients with analysis, interpretation and advice. This ensures that our clients are in control of their investor engagement. The objective is to improve the reach and engagement with investors, which in turn strengthens the share price.

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