Disappointing full-year results after a 9m trading statement that had seemed encouraging. Adjusted operating profit came in short at £901m, however the adjusted EPS came in perfectly in line with the consensus. On the positive side, adjusted operating cash flow came in slightly above our expectations. However, despite a good level of cost reductions targeted for FY20 (c. £350m), the group expects the FY20 adjusted operating cash flow to be lower than in FY19 (£1.6-1.8bn vers
13 Feb 2020
Disappointing H2 19, poor FY20 outlook
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Disappointing H2 19, poor FY20 outlook
Centrica plc (CNA:LON) | 128 -1.7 (-1.0%) | Mkt Cap: 6,885m
- Published:
13 Feb 2020 -
Author:
Auguste DERYCKX LIENART -
Pages:
3
Disappointing full-year results after a 9m trading statement that had seemed encouraging. Adjusted operating profit came in short at £901m, however the adjusted EPS came in perfectly in line with the consensus. On the positive side, adjusted operating cash flow came in slightly above our expectations. However, despite a good level of cost reductions targeted for FY20 (c. £350m), the group expects the FY20 adjusted operating cash flow to be lower than in FY19 (£1.6-1.8bn vers