Report

Update: Slower revenue growth in H2, profits intact

Creston’s IMS indicates a continuing strong new business performance across a broad range of verticals, encouraging us that the benefits from restructure are starting to come through. Q3 revenues have been under pressure in the UK part of its Health division, but the effect at the group earnings level is offset by careful management of overheads. Growing the consultancy revenue stream should improve the quality of earnings, while bringing together strands of the commercial offer within the Creston Unlimited umbrella should help drive earnings off the current plateau.
Underlying
Creston plc

Provider
Edison Investment Research
Edison Investment Research

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