date:Jun 06, 2014
markets. Adjusted operating profit in the 12 months through March fell to 150.2 million ($204.3 million) from 245.4 million a year earlier.
The headlines from Remys fiscal 2014 results were always going to be terrible, Jonathan Fyfe, an analyst at Mirabaud Securities in London, wrote in a report to clients. All that matters at this point is outlook. Mirabaud expects a technical bounce in profit in 2015 but overall sees no reason to change our core view that Remys growth outlook has been rebased