Page Group

  • Profit warning from Page Group is a red flag.
  • Looking ahead, the deterioration in trading conditions seen during Q3 across the majority of our regions is anticipated to continue. In the UK, heightened Brexit related uncertainty is expected to remain as we approach and go beyond 31 October. With worsening macro-economic indicators in Continental Europe, particularly in Germany, and in the US, there are signs that growth in these markets may slow. In Greater China, confidence in Mainland China continues to be affected by trade tariff uncertainty and the social unrest in Hong Kong is increasing.” Q3 Trading Update.
  • There was a slowdown across the board. Group slowed from +2.1% growth from +7.4% last quarter with UK and Asia negative.
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