Published on: July 23, 2018

FY 18E has started well, SEND accelerating

Instem’s trading update for the six months ending June 2018 reveals that FY 18E has started well and that the board is confident that their full-year expectations will be met. Most businesses made a positive contribution to group financial performance. SEND was the standout performer, orders more than doubled during the period. In our view, the overall tone of the update is optimistic and the outlook statement positive. We make no changes to estimates following the release.

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