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 Q4, PBT guidance is ahead of market expectations. Critically, FCF is turning +ve (adj. for FS expansion). This in turn is reducing net ‘bank’ debt quicker than forecast. FS growth reflects improvements in the quality of the book, driven by responsive data-led credit contr ....
09 May 2019
Strong Q4 means PBT and net debt guidance ahead of expectations
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Strong Q4 means PBT and net debt guidance ahead of expectations
- Published:
09 May 2019 -
Author:
Matthew McEachran -
Pages:
4
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 Q4, PBT guidance is ahead of market expectations. Critically, FCF is turning +ve (adj. for FS expansion). This in turn is reducing net ‘bank’ debt quicker than forecast. FS growth reflects improvements in the quality of the book, driven by responsive data-led credit contr ....