Sweett Group – 26p

22 April 2013 – Year end trading update

The business continues to make progress and the group has confirmed that results to March 2013 will be inline with expectations. The Asia-Pacific region continues to demonstrate strong growth and Europe and India continue to generate acceptable returns. The Middle East and Africa has been restored to profitability. The order book now stands at just under £100m as at 18 April 2013, an increase of £12m since last year. On a rating of under 9x to March 2014 the shares are not expensive BUY FOR RECOVERY.

 

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