Centrica has published an operational update with no revenue or profit numbers but confirms its full-year objectives: adjusted operating cash flows above £2bn, capex should not exceed £1bn (in which £500m would be focused on E&P) and a £200m efficiency programme is still expected to be achieved in 2016, as part of the £750m/year cost reduction programme. Moreover, the group expects to add to the direct headcount reduction expected in 2016 of 3,000 employees,
19 Apr 2016
Trading update: customer losses accelerate, but guidance confirmed
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Trading update: customer losses accelerate, but guidance confirmed
Centrica plc (CNA:LON) | 131 -0.5 (-0.3%) | Mkt Cap: 6,700m
- Published:
19 Apr 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
2
Centrica has published an operational update with no revenue or profit numbers but confirms its full-year objectives: adjusted operating cash flows above £2bn, capex should not exceed £1bn (in which £500m would be focused on E&P) and a £200m efficiency programme is still expected to be achieved in 2016, as part of the £750m/year cost reduction programme. Moreover, the group expects to add to the direct headcount reduction expected in 2016 of 3,000 employees,