The diary looks predictably light for the penultimate Friday of August, so attentions will likely focus on building materials firm Kingspan Group plc (LON:KGP) which is among the couple of names expected to release results.
UBS is expecting the Ireland headquartered group to report 4% like-for-like sales growth and overall growth of 11% with the help of its M&A activities.
“We expect EBITA growth of +8%, driven by organic EBITA growth of +5%, FX -4% and M&A contribution of +7% (or €12mln),”
“This implies margins will be slightly down to 9.9% (PY: 10.2%), mainly reflecting what Kingspan has previously commented – that the decline seen in the UK around Q417/Q118 has now stabilised.”
Friday, August 24:
Interims: Computacenter PLC (LON:CCC), Henry Boot PLC (LON:BOOT), Kingspan Group plc (LON:KGP)
Economic data: US durable goods orders