Next’s H1 17 earnings to end July combined continued top-line erosion (-2.3%), a promise of resilient cash flow generation by January 2018 at £875m leaving plenty of dividend room (£225m current +£257m special) but a sharp drop in H1 pre tax earnings nevertheless at -9.5% (see table).
18 Sep 2017
Mediocre H1 top line but strong cash generation
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Mediocre H1 top line but strong cash generation
Next plc (NXT:LON) | 9,194 367.8 0.0% | Mkt Cap: 11,688m
- Published:
18 Sep 2017 -
Author:
Rim BEN SALAH -
Pages:
3
Next’s H1 17 earnings to end July combined continued top-line erosion (-2.3%), a promise of resilient cash flow generation by January 2018 at £875m leaving plenty of dividend room (£225m current +£257m special) but a sharp drop in H1 pre tax earnings nevertheless at -9.5% (see table).