Update: Growing internationally, continued investment
Carr’s record results for the seasonally important first half demonstrate the benefits of sectoral diversity, sustained investment in innovation and international reach. These have enabled the group to deliver profits growth despite challenging conditions in some of its markets. We leave our estimates unchanged and adjust our sum-of-the-parts valuation from 205.5p to 203p.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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