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Driver Group PLC Ord 0.4P (DRV)

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30-Jun-2020 08:47 AM

Driver Group reports higher profit as cost cuts boost margin

Engineering consultancy Driver Group reported a rise in half-yearly profit as cost cuts helped ease a fall in revenue. For the six months ended 31 March 2020, pre-tax profit rose by 247K to £1.25m, while revenue slipped £1.67m to £28
15-Apr-2020 02:27 PM

Driver expects significant rise in first-half profit; won't pay interim dividend

Construction and engineering consultancy Driver said that while it expected its first-half profit rise significantly on-year, it would not pay an interim dividend due to Covid-19 uncertainty. The company said its performance had not been impacted in a me
15-Oct-2019 08:40 AM

Driver Group delivers 'markedly improved' second half following slow start to the year

Driver Group said it expected to report underlying pre-tax profit of approximately £3m after a markedly improved second half performance following a slow start to the year. The company said it expected to report underlying pre-tax profit for the fi
04-Jun-2019 08:26 AM

Driver Group profits slump in H1 as lower-than-expected activity in Middle East, APAC weigh

Driver group reported a fall in first-half profits as lower-than-expected activity in the Middle East and Asia Pacific offset stronger performance in Europe and the Americas. For the six months ended 31 March, pre-tax profit fell 42% to £1.05m an
11-Mar-2019 01:59 PM

Driver warns on profits amid subdued Middle East, Asia trading

Construction consultants Driver Group warned of a fall in annual profit owing to more subdued trading in the Middle East and south-east Asia. Pre-tax profit for the year through September was now expected to be slightly below the on-year result at around
11-Dec-2018 09:39 AM

Driver returns to dividends as annual profits swell

Professional services consultancy Driver reinstated dividends after reporting a sharp jump in annual profits. The company returned to dividends with the payment of a dividend for 2018 of 0.5p per share, and said that it intended to pursue a progressive d
16-Oct-2018 02:55 PM

Driver Group forecasts profit 'comfortably ahead' of market expectations

Professional services consultancy for the construction and engineering industries Driver Group said it expected to post annual profit 'comfortably ahead' of current market expectations. Underlying pre-tax profit for the year through September w
05-Jun-2018 08:03 AM

Driver Group pretax profit up in H1 as revenue inches higher

Driver reported Tuesday underlying pre-tax profit rose to £2.1m in the first half of the year as revenues jumped 3%. For the six months ended 31 March, underlying pre-tax profit from continuing operations rose to £2.1m from £1.0m, bolst
23-Feb-2018 08:33 AM

Driver Group sees performance ahead of expectations

Driver Group PLC, said trading results in the first four months of the financial year ending 30 September 2018 were significantly ahead of both internal forecasts and the equivalent period last year. The firm said current activity levels were high and re
12-Dec-2017 09:20 AM

Driver in the black after 'significant transformation'

Driver Group bounced into the black for the year to the end of September with revenues on continuing operations up 15% to £60.2m. The group posts an underlying operating profit of £2.7m compared with a loss of £0.2m last time. Driver m
27-Oct-2017 09:08 AM

Driver unveils board changes and sale of Initiate

Driver Group, the global professional services consultancy to construction and engineering industries, has announced changes to its board and the sale of Initiate Consulting. The group has appointed David Kilgour as chief financial officer. Driver said
21-Sep-2017 07:30 AM

Driver ahead of previous forecasts

Driver Group expects underlying pre-tax profits for the year to the end of September to be ahead of previous forecasts. The board said the group had continued to benefit from careful management of overheads and improved utilisation rates during the sec
23-May-2017 09:07 AM

Driver in the black as revenues rise

Driver swung into the black in the six months to the end of March after revenues rose by 18% to £32.84m. Gross profit increased by £2.81m to £7.75m and the group posted an underlying profit before tax of £1.03m against a loss of
12-May-2017 07:19 AM

Driver sells SA subsidiary

Driver Group has concluded an agreement to sell its subsidiary, Driver Trett South Africa Pty Ltd, to its local management team. Driver has wholly-owned the business since October 2013. The group said: "With the clarification of the group stra
07-Apr-2017 01:52 PM

All resolutions passed at Driver Group AGM

Driver Group has confirmed that all resolutions proposed at today's AGM were passed. At 1:52pm: (LON:DRV) Driver Group PLC share price was +2p at 45.5p Story provided by StockMarketWire.com...
07-Apr-2017 07:15 AM

Driver on track

Driver Group's underlying trading performance has remained much improved on the equivalent period last year since the equity fundraising announced in mid-February, according to an update issued ahead of today's annual general meeting. Driver s
17-Feb-2017 07:28 AM

Driver revenues up 21%

Driver's revenues rose by 21% to £58.3m in the year to the end of September and the group announced a proposed fundraising of up to £8m through the conditional placing of up to 22,857,143 shares at a minimum price of 35p apiece. In addi
14-Sep-2016 07:31 AM

Driver returns to profit in H2

Driver Group says that, that, as expected, it returned to profit during the second half and anticipated that turnover in the period will be roughly 7% ahead of that recorded at the interim stage. It says considerable progress has been made in reducing th
24-May-2016 07:39 AM

Driver losses rise

Driver Group's revenue rose by 32% to GBP27.9m inthe six months to the end of March but the underlying loss before tax increased to GBP1.5m compared with GBP0.5m. The reported loss before tax rose to GBP3.4m from GBP2.1m and as a result the director
10-May-2016 09:05 AM

Driver warns

Driver has warned FY profits will be significantly below market views. It had previously reported the delay of contracts in the AMEA region saw a significant revenue softening in December, January and February. At the time of the annual general meeting i
02-Mar-2016 07:49 AM

Driver has short term visibility

Driver Group had record revenue levels in the second half but it has short term visibility particularly in its core disputes business, shareholders at the annual general meeting today will be told. Non-executive chairman Steve Norris will say: "The
08-Dec-2015 12:10 PM

Broker Forecast - Panmure Gordon issues a broker note on Driver Group PLC

Panmure Gordon today reaffirms its buy investment rating on Driver Group PLC (LON:DRV) and raised its price target to 94p (from 80p). Story provided by StockMarketWire.com...
08-Dec-2015 09:22 AM

Driver maintains dividend

Driver Group's revenues rose 23% to £48m in the year to the end of September with second half revenues up 38% at £26.8m. Underlying operating profit fell to £1.2m (2014: £3.5m) and underlying pre-tax profits of £1.1m were down from £3.5m. Th
01-Dec-2015 08:07 AM

Driver Group appoints Initiate COO

Driver Group has appointed Gordon Wilkinson as chief operating officer of Initiate Consulting Ltd and a member of the Driver Group executive board. His role will be to deliver the Initiate elements of the four year growth targets and strategic plan, wh
03-Jun-2015 09:13 AM

Driver strengthens its board

Driver Group has appointed Robert Laslett as a non-executive director with immediate effect. Driver says Laslett is an international businessman with a track record of success not least in his founding, development and subsequent sale of global manageme
 
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