The gambling group Entain had a good start to the week after management issued a pointed update, noting that unlike some industry peers, they had seen a rather more favourable set of outcomes in the final quarter. The stock found itself under pressure last week amidst read across from others like Flutter who highlighted that customers had done better than had been expected pre-Christmas. Today’s news underlines Entain’s full year outlook with EBITDA set to be at the top of the previously guided range. The Entain share price is up 5% at 9am.
Bumper gains for Oxford Nanopore this morning as the company provided a full year trading update, noting performance accelerating in the second half of the year. With this momentum expected to be sustained the company forecasts reaching EBITDA break even by 2027 and being cashflow positive by the following year. Full year results will be published in March but the Oxford Nanopore share price was up by around 20% in early trade, recovering the pre-Christmas losses.
AIM listed Craneware, the valve cycle software specialist for the US healthcare industry provided full year trading update this morning. Management expectations of double digit growth were met and perhaps more critically, the note adds that following the election, US hospitals are now expecting a period of stability and investment in strategic growth. The Board anticipates this will provide a sustained demand environment for the company’s offerings. The Craneware share price was up as much as 7% in early trade although some of those gains have since been given back.
Headlines we expect on Tuesday
Robert Walters Trading Update
This time last year Gross profit £91.4m, Balance sheet £79.8m
Ocado Trading Update
This time last year Q4 revenue £609.4m, Average basket £120.62, Customers 998k
