Augean (LON:AUG) - Strategic markets begin to deliver

Feb 05th 2013 - Edison Investment Research today published a report on Augean (AUG.L, LSE:AUG, LON:AUG) entitled "Strategic Markets Begin To Deliver". In summary, the report says:

Augean’s pre-close statement highlighted that progress has been made across all strategic markets and performance in the core has been maintained despite the uncertain economic environment. With revenues broadly expected to be in-line with our £42m forecasts, mix issues in Low Level Waste (LLW), where framework agreement volumes have not flowed through at predicted rates as yet, cause us to shave our PBT forecast by c 8%. We see this merely as a timing issue as LLW volumes build and framework contracts begin to deliver increasing quantities. With full year results on 23 March we view the stated intention of the Board to initiate a maiden dividend as a signal of the group’s confidence that the value from the new...