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Research Tree provides access to ongoing research coverage, media content and regulatory news on CENTRICA PLC. We currently have 7 research reports from 3 professional analysts.

Date Source Announcement
05Dec16 01:30 RNS Director/PDMR Shareholding
28Nov16 03:30 RNS Director/PDMR Shareholding
02Nov16 03:15 RNS Director/PDMR Shareholding
01Nov16 10:00 RNS Block listing Interim Review
25Oct16 03:15 RNS Director/PDMR Shareholding
18Oct16 03:15 RNS Holding(s) in Company
14Oct16 05:13 PRN Direct Energy Celebrates National Energy Awareness Month through its Induction into Children's Miracle Network Hospitals® Miracle Million Club
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Weak top-line with good cash flow performance; exit of E&P being evaluated

  • 19 Feb 16

Mixed results as sales reached £27.97bn, representing a 4.9% yoy decrease and falling short of expectations due to the decrease in customer accounts, and gas and electricity consumption. Operating profit finished in negative territory at -£857m due to £2.35bn of impairments and provisions, while on an adjusted basis it reached £1.38bn, which represents a 20% yoy decrease and missing forecasts. Bottom line, the group has performed better than expected due to lower financial expenses and taxes, as on an adjusted basis it has reached £863m which represents a 10% yoy decrease, but the fall is less than expected. Adjusted EPS reached 17.2p; however, on a reported basis the group booked again a net loss reaching -£747m that translates into a -14.9p EPS. Moreover, net debt was reduced by 9% yoy to £4.74bn. Adjusted operating cash flows improved by 2% yoy reaching £2,253m and the group expects to deliver 3-5% growth per annum, which is a positive. Free cash flow finished in positive territory after dividends and debt repayment. The dividend payment has been reduced by 10% yoy to 12p/share, but management expects it to steadily increase from this point forward. Guidance is focused on cash flow as lower commodity prices would continue to impact the group’s results especially the E&P and power generation business: the group expects to bring adjusted operating cash flow to £2bn in addition to a £750m/year cost efficiency programme, out of which a £200m/year reduction has already been achieved.