Following the pre-announcement of its Christmas trading we have cut our DEB PBT estimates for 2017/18E, 2018/19E and 2019/20E by 33%, 28% and 28% respectively. We have also cut our DPS estimates for these years by 35%, 25% and 22%.to achieve 2x cover in 2018/19E.
05 Jan 2018
Whoops - Profit Warning
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Whoops - Profit Warning
Debenhams (DEB:LON) | 0 0 (-1.1%) | Mkt Cap: 347.0m
- Published:
05 Jan 2018 -
Author:
Scott Fulton -
Pages:
9
Following the pre-announcement of its Christmas trading we have cut our DEB PBT estimates for 2017/18E, 2018/19E and 2019/20E by 33%, 28% and 28% respectively. We have also cut our DPS estimates for these years by 35%, 25% and 22%.to achieve 2x cover in 2018/19E.