LONDON, June 12, 2013 /PRNewswire/ --
Edison Investment Research, a leading international investment research firm, announces its latest research note on Low & Bonar (LSE: LWB), a producer of polymer-based performance materials.
Edison has recently published a report highlighting organisational change at Low & Bonar as the catalyst for accelerating its strategy to widen the group's international horizon in its chosen sector niches. In his report, Wider ambitions, Edison's Industrials analyst, Toby Thorrington, looks at the merger of performance technical textile operations to form Bonar. The internal merger and business architecture established for Bonar realigns resources and responsibilities to accelerate group revenue and profit growth. The primary route to achieve this is leveraging technologies, processes and product capabilities in new, faster-growing regional markets. The move brings greater clarity to strengths and opportunities in this field and provides Low & Bonar with flexibility to move forward in a number of ways. The objective is to become a leading multi-region, specialist performance material supplier, delivering profitability consistent with group strategic targets. Our estimates already indicate three-year earnings and dividend CAGRs of 11%, and a successful execution of this strategy would warrant a further re-rating from the current 65p level.
For the full report see: http://www.edisoninvestmentresearch.com/research/company/low-bonar
This coverage is part of a programme of research on industrials companies exposed to global market opportunities. Edison provides detailed research coverage on more than 50 industrials and support service companies in Europe, North America and Australia. Its Industrials team has a range of coverage across small-, mid- and large-cap companies active in subsectors such as Aerospace & defence, Speciality materials, Alternative energy, Building materials and Industrial support services, allowing a complete understanding of industrial supply chains. All reports published by Edison are available to download free of charge from its website http://www.edisongroup.com.
About Edison Investment Research
Edison, the investment intelligence firm, is the future of investor interaction with corporates. Our team of over 100 analysts and investment professionals works with leading companies, fund managers and investment banks worldwide to support its capital markets activity. We provide services to more than 400 retained corporate and investor clients from our offices in London, New York, Berlin, Sydney and Wellington. Edison is authorised and regulated by the Financial Services Authority (http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584).
Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.
About Low & Bonar
Low & Bonar's product portfolio is anchored in applied polymer engineering, converting raw materials through specialist process technologies, broadly categorised as non-woven materials (Bonar), weaving and coating (Technical Coated Fabrics) plus composite structures. Fibres (also part of Bonar), filaments and tapes (both Yarns) are additional products supplied and technical value added through innovation is a core feature. Products are substantially for commercial or industrial applications with little consumer end-market exposure. Manufacturing is undertaken at 12 sites (10 in Europe, one in the US, one in China), with two further JV locations in the Middle East.
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Edison Investment Research
SOURCE Edison Investment Research