Report

Update: On message

Today’s Q1 IMS confirms Creston is on course to meet FY15 expectations, with like-for-like revenues ahead 2%. At constant currency, this would have been c.3% and we have made marginal forecast adjustments on this basis. Q1 new business performance has been good, with wins from a broad spectrum of clients across a range of activities, mostly using the group’s extensive digital expertise. The increased internal co-operation is clearly starting to pay off in cross- and up-selling, which should help drive the top line and boost profits. The shares remain on an unjustifiable discount.
Underlying
Creston plc

Provider
Edison Investment Research
Edison Investment Research

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