The group has stated in its trading update that it expects adjusted EPS for 2017 to be close to 12.5p, which is 17% below the 15.2p we previously expected. It confirmed its adjusted net debt target at £2.5-3bn and operating cash flows to be above £2bn. It has also raised its cost-cutting target for the year to £300m, from the previous £250m. It maintains its capex target at close to £1bn (with £500m for E&P). Moreover, driven by the group’s exposu
23 Nov 2017
Profit warning and accelerated customer losses; dividend under pressure
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Profit warning and accelerated customer losses; dividend under pressure
Centrica plc (CNA:LON) | 131 -0.8 (-0.5%) | Mkt Cap: 7,013m
- Published:
23 Nov 2017 -
Author:
Juan Camilo Rodriguez -
Pages:
3
The group has stated in its trading update that it expects adjusted EPS for 2017 to be close to 12.5p, which is 17% below the 15.2p we previously expected. It confirmed its adjusted net debt target at £2.5-3bn and operating cash flows to be above £2bn. It has also raised its cost-cutting target for the year to £300m, from the previous £250m. It maintains its capex target at close to £1bn (with £500m for E&P). Moreover, driven by the group’s exposu