Scapa Group down as it fails to stick to guidance

By
0 mins. to read
Scapa Group down as it fails to stick to guidance
Master Investor Magazine

Master Investor Magazine 59Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

AIM-listed adhesive specialist Scapa Group (LON:SCPA) watched its share price plummet 28.16% to 195.40p (as of 14:25 GMT) after it warned that trading profits would be significantly below the current consensus level forecast. Healthcare revenues are slightly ahead of expectations, but progress on cost reduction has been slower than hoped.

Meanwhile, the industrial segment of the company saw revenues drop due to adverse macroeconomic conditions, particularly in the automotive industry.

Take part in our poll

Of the stocks covered by Master Investor in the weekly Small Cap Round Up, which ones do you hold?


Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

YOUR FREE INVESTMENT MAG

Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.