Consistent with strategy and guidance, FDL is delivering growth in Retail, growth in Financial Services (FS), gross margins gains (const. GAAP) and cost efficiencies. The turnaround is advancing in Education too. After a strong Q3, PBT will be towards the upper end of expectations. Critically, FCF is turning +ve (adj. for FS expansion). This in turn is reducing net ‘bank’ debt quicker than forecast (down £23m YoY) - all of which now funds short term FS debtors, a new milestone. FS growth reflect ....
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Record Q3 trading drives consensus upgrades
- Published:
25 Jan 2019 -
Author:
Matthew McEachran -
Pages:
3
Consistent with strategy and guidance, FDL is delivering growth in Retail, growth in Financial Services (FS), gross margins gains (const. GAAP) and cost efficiencies. The turnaround is advancing in Education too. After a strong Q3, PBT will be towards the upper end of expectations. Critically, FCF is turning +ve (adj. for FS expansion). This in turn is reducing net ‘bank’ debt quicker than forecast (down £23m YoY) - all of which now funds short term FS debtors, a new milestone. FS growth reflect ....