Sports Direct has resumed providing guidance with these interim results. Excluding House of Fraser it expects underlying EBITDA to increase by 5- 15% to £356-390m. We judge this and the fact that Underlying BITDA excluding acquisitions grew by 15.1% in 1H suggest that market consensus on this basis will increase by c5% at pre HoF level.
16 Dec 2019
Strong underlying margin performance
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Strong underlying margin performance
Frasers Group PLC (FRAS:LON) | 778 -66.1 (-1.1%) | Mkt Cap: 3,506m
- Published:
16 Dec 2019 -
Author:
Tony Shiret -
Pages:
3
Sports Direct has resumed providing guidance with these interim results. Excluding House of Fraser it expects underlying EBITDA to increase by 5- 15% to £356-390m. We judge this and the fact that Underlying BITDA excluding acquisitions grew by 15.1% in 1H suggest that market consensus on this basis will increase by c5% at pre HoF level.