Published on: January 22, 2013
High Street Blues
K3 has issued a trading update for its half-year to December; a number of contracts have been deferred in the Retail division which will impact on results for the full year. We provide further detail – in our opinion, the group’s correct long-term strategy is, ironically, exacerbating short-term pressures. Success in the move to Managed Services, or an eventual recovery in the Retail segment, could see a material change in fortunes, and in our view the group is investing wisely in both areas.