Fenner bounces back following efficiency measures

London – Fenner PLC has posted a sharp rise in revenue and profits in the first half of 2017 – helped by the group’s ongoing restructuring efforts.

Revenue for the six months to end of February rose 11% to £307.4 million, while underlying profit increased 60% to £24 million, compared to the same period last year.

A particular feature of the results, said Fenner on 19 April, was an increase in underlying operating margin which increased to 7.8% from 5.4% in 2016. This, it said, reflected improvements and efficiency…

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