Driver Group (DRV)

Sector:

Support

Index:

FTSE AIM All-Share

 24.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 33.00
  • 52 Week Low: 22.30
  • Currency: UK Pounds
  • Shares Issued: 52.61m
  • Volume: 5,000
  • Market Cap: £12.89m
  • RiskGrade: 169

Driver Group expecting 'creditable' performance in interim period

By Josh White

Date: Friday 30 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Construction and engineering consultancy Driver Group updated the market on its trading on Friday, describing its performance as "creditable" in the interim period, with profit before exceptional items and tax expected to be "slightly lower" year-on-year.
The AIM-traded firm said the prior-year period ended 31 March 2020 was "largely unaffected" by the Covid-19 pandemic.

It said a "fast-moving picture" in terms of lockdown restrictions in key territories, and the loss of senior staff and associated team members to a competitor in the Asia-Pacific region, combined to present significant challenges.

However, it said meaningful progress had been made in implementing its five-year strategic plan announced in December.

That plan was intended to drive shareholder value through increasing the proportion of sales represented by higher-margin expert assignments, and the recruitment of key talent to further enhance Driver's technical and geographical service offering.

The board said it was confident that the merits of the strategy would become "increasingly evident" over the life of the plan.

Driver Group said it was in a "strong" net cash position, with net balances at 31 March of £7.2m and bank facilities of a further £7m, making for a "significant improvement" on the equivalent position at the same time last year.

"The unique challenges presented by Covid-19 have masked the significant strategic progress we have made during the period, at least insofar as measured by financial results," siad chief executive officer Mark Wheeler.

"The outlook for the second half year is encouraging with activity levels improving from the low point in January and February at the height of lockdown restrictions in the UK and Europe."

The Company expects to report interim results for the period on 8th June 2021.

At 1307 BST, shares in Driver Group were down 5.05% at 52.22p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Driver Group Market Data

Currency UK Pounds
Share Price 24.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 33.00
52 Week Low 22.30
Volume 5,000
Shares Issued 52.61m
Market Cap £12.89m
RiskGrade 169

Driver Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
49.07% above the market average49.07% above the market average49.07% above the market average49.07% above the market average49.07% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Price Trend
37.37% below the market average37.37% below the market average37.37% below the market average37.37% below the market average37.37% below the market average
44.55% below the sector average44.55% below the sector average44.55% below the sector average44.55% below the sector average44.55% below the sector average
Income
22.98% above the market average22.98% above the market average22.98% above the market average22.98% above the market average22.98% above the market average
16.92% above the sector average16.92% above the sector average16.92% above the sector average16.92% above the sector average16.92% above the sector average
Growth
74.33% below the market average74.33% below the market average74.33% below the market average74.33% below the market average74.33% below the market average
88% below the sector average88% below the sector average88% below the sector average88% below the sector average88% below the sector average

Driver Group Dividends

  Latest Previous
  Final Interim
Ex-Div 29-Feb-24 21-Sep-23
Paid 11-Apr-24 27-Oct-23
Amount 0.75p 0.75p

Trades for 28-Mar-2024

Time Volume / Share Price
13:34 5,000 @ 24.80p

Driver Group Key Personnel

CFO Charlotte Parsons

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