Arena has announced an in-line trading update for the period since its interim results to the December year end. Q4 has been particularly busy with the group delivering significant projects in the UK, Asia and the US. During the second half the group has increased its capital spend to support new business wins and increase profitability in the current year. As such net debt is higher than anticipated at c£11.5m. The corollary of this spend is an increase in our 2018 EBITDA forecast to £12.2m. Th ....
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Quality Growt
- Published:
26 Jan 2018 -
Author:
Cavendish Research -
Pages:
4
Arena has announced an in-line trading update for the period since its interim results to the December year end. Q4 has been particularly busy with the group delivering significant projects in the UK, Asia and the US. During the second half the group has increased its capital spend to support new business wins and increase profitability in the current year. As such net debt is higher than anticipated at c£11.5m. The corollary of this spend is an increase in our 2018 EBITDA forecast to £12.2m. Th ....