FY2017 PBT will be significantly lower than the Board’s expectations. Although H2 trading has been resilient and comparable to H2 2016, it has not been sufficient to meet the Board’s expectations and claw back the unprecedented H1 loss. Both Children’s and Foreign Rights performed well, but Adults has continued to underperform. QRT expects net debt to increase y-on-y. With the need to reduce debt on its balance sheet, it will not be recommending a final dividend. Our forecas
09 Nov 2017
FY results significantly below expectations
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FY results significantly below expectations
- Published:
09 Nov 2017 -
Author:
Peter Ashworth -
Pages:
2
FY2017 PBT will be significantly lower than the Board’s expectations. Although H2 trading has been resilient and comparable to H2 2016, it has not been sufficient to meet the Board’s expectations and claw back the unprecedented H1 loss. Both Children’s and Foreign Rights performed well, but Adults has continued to underperform. QRT expects net debt to increase y-on-y. With the need to reduce debt on its balance sheet, it will not be recommending a final dividend. Our forecas