Update: Record year of profits
Carr’s strategy of innovation, investment and internationalisation has delivered another record year of profits despite challenging markets for all three divisions. We expect this strategy to mitigate the impact of continued weakness in the markets served, enabling the group to maintain profit at these record levels. We revise our estimates to reflect market conditions and see fair value at 199p/share (previously 203p/share).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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