August 3, 2018 / 6:20 AM / a year ago

Cobham, warning of long road to recovery, reiterates full-year outlook

LONDON, Aug 3 (Reuters) - A growing order intake helped British engineer Cobham to reiterate its full-year underlying profit forecast on Friday but the group warned its full recovery would still take time and risks and challenges remained.

Cobham, known for its air-to-air refuelling technology, has been trying to turn around its business after a string of profit warnings forced it into a rights issue in 2017.

It said on Friday its expectations for 2018 group underlying profit remained unchanged “with a range of potential outcomes”. Its order intake stood at 1.03 billion pounds, up from 916 million pounds in 2017.

Reporting by Kate Holton; editing by Sarah Young

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below