Investors Chronicle, April 4th, 2003
Autologics markets are starting to look tough. Although it managed a creditable 7.5 per cent underlying revenue growth last year when the impact of acquisitions is stripped out, that will be hard to maintain. New car registrations are slipping - they were down over 5 per cent in the UK and France in the first two months of this year - and that could dent profits as Autologics contracts are predominantly closed book where it takes volume and cost risks. Such contracts account for over 90 per cent of the portfolio. The company recognises the threat and is trying to strip out costs, particularl...
HighBeam Research, Free Preview: 'AUTOLOGIC (ALG).'... Full Membership required for unlimited access. Free 7-day trial.
Subscribers: HighBeam content is only available to HighBeam subscribers. Click the link above for more information.
