Update: Continued investment for growth
The interim management statement for the first 19 weeks of H214 shows that Carr’s continues to execute on its strategy of innovation, investment and internationalisation. The announcement notes that Carr’s is still trading in line with expectations, so we leave our estimates and valuation of 1,983p/share unchanged.Carr's Group operates across the agriculture and engineering sectors which supplies products and services to countries around the world. Co.'s agriculture division includes an international feed block supplement business, and in the U.K., this division also sells animal feed, fertilizer, animal health products, fuel, farm machinery and rural supplies. Co.'s engineering division designs, manufactures and supplies precision parts, equipment, robotics and remote handling products. These products and services are supplied primarily into the nuclear, defense and oil and gas markets.
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