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Results: RCDO

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Ricardo – how confident in a materially more weighted second half than usual?

Self-styled “engineering, technical, environmental and strategic consultancy business, which also manufactures and assembles niche, high-quality and high-performance products” Ricardo plc (RCDO) has updated commencing; “In the quarter to 30 September 2020, overall order intake was strong at £105.2m, up 19% on the pre-COVID quarter to 30 September 2019. This is also up on the £70m of orders received in the quarter ended 30 June 2020”. The shares have currently responded to 337p, more than 8.5% lower...

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