Shares reversed losses, trading about 2% higher after Q1 results met expectations despite geopolitical uncertainty.
Gross profit declined 4.9% YoY to £187 million, missing prior year but matching consensus estimate of £187.1 million.
EMEA gross profit fell 9.2% to £100.4 million, with France, Germany, Netherlands down 14%, 7% and 26% respectively.
Asia Pacific and Americas posted growth, gross profit up 9.3% to £29.2 million and 1.1% to £36.5 million respectively.