Add insight with our Profit Warnings Console
Our Profit Warnings Console provides you with access to twelve years’ worth of data at the click of a button. Using the console, you can analyse warnings to identify the forces affecting your market to shape your path ahead.
What is a profit warning?
A profit warning is an official statement to the stock exchange from a publically listed company that says that it will report full-year profits materially below management or market expectations.
EY’s Quarterly Analysis of Profit Warnings tracks profit warnings from UK registered companies listed on the UK’s Main Market or AIM.
Q2 2019 Headlines
Uncertainty continues to take its toll. UK quoted companies issued 69 warnings in Q2 2019, the highest second quarter total since 2008. More than one in twenty UK quoted companies warned in Q2 2019, the highest proportion of companies warning in a second quarter since 2001.
Protracted Brexit uncertainty is clearly triggering an increasing number of profit warnings; but it’s not an isolated challenge. Rising global trade and geopolitical tensions are also creating a tougher, less predictable trading environment for UK plc.
It’s vital that companies continue to develop the financial and operational agility they need to react quickly to positive or negative changes. Yet another unpredictable quarter lies ahead.
11 year high for second quarter profit warnings
high in H1 FTSE Construction & Materials warnings
19% of warnings cite Brexit issues
20.9% median share price fall
FTSE Construction & Materials
FTSE Construction & Materials companies issued six profit warnings in Q2 2019, with 29% of the sector warning in the last 12 months.
FTSE Chemicals companies issued six profit warnings in Q2 2019, with a record 27% of the sector warning in the second quarter.
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UK&I Head of Restructuring
Partner, UK&I Restructuring
Partner, UK&I Restructuring
Market Analyst and Author
Alan leads our UK & Ireland Restructuring practice. He joined EY in 1985 and has more than 30 years’ experience working across the restructuring, accelerated M&A, advisory and insolvency arena in a number of industries advising stakeholders (boards, corporates, investors, lenders, Governments and regulators) on how best to protect, improve and recover value. Alan was an appointment taker in relation to, amongst others, Interserve, House Of Fraser, Mid Staffordshire NHS Foundation Trust, Focus DIY, Dreams, Orchid Pub Group, Battersea Power Station, White Tower, Dunedin Industrious, DTZ plc, Navan Mining and Luminar nightclubs. He is a member of the editorial board of the Association of Business Recovery Professionals’ (R3) Recovery magazine and is a former member of R3’s Council. He has worked across a variety of geographies and sectors with a particular focus on Consumer Products & Retail, Health / Government & Public Sector, Real Estate, Construction, Support Services and Transportation.
Jon leads EY’s Cash and Working Capital team in the UK and across EMEIA, bringing liquidity solutions to both corporate and private equity clients. Since 1995 he has specialised in helping businesses transform cash forecasting and working capital performance and sustainably build liquidity against urgent deadlines. Jon has extensive experience working with some of the world’s largest businesses across many sectors, including Industrials, Consumer Products and Telecoms.
Lee is a restructuring specialist with over 20 years’ experience advising both lenders and corporates through multi-stakeholder restructuring situations in both public and leveraged finance markets. He has worked across a wide range of sectors, including Banking & Capital Markets, Oil & Gas, Power & Utilities, Consumer Products & Retail, and Telecoms. He has extensive experience helping formulate and implement financial restructuring programmes.
Kirsten is the lead author in our UK&I Transaction Advisory Services practice. She has more than 20 years’ experience of originating and presenting market analysis and insight in a wide variety of formats, from thought leadership to blogs. Kirsten is the lead editor of EY’s Capital Agenda Blog and the lead data analyst and author of EY’s Quarterly Analysis of Profit Warnings.