Augean has confirmed that 2016 underlying PBT was in line with consensus market expectations of c.£7.1m. Meanwhile year end net debt was £2.3m better than expected at £10.8m. This represents strong year on year growth, albeit below our previous top of the range PBT forecast of £7.5m due to a slower than expected start from the recent acquisition, Colt. We have reduced our 2016 PBT forecast by 5% to £7.1m in line with consensus, while also reflecting the better than expected net debt position. Ou ....
23 Jan 2017
N+1 Singer - Augean - 2016 PBT in line with consensus, net debt better
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N+1 Singer - Augean - 2016 PBT in line with consensus, net debt better
- Published:
23 Jan 2017 -
Author:
Jo Reedman -
Pages:
6
Augean has confirmed that 2016 underlying PBT was in line with consensus market expectations of c.£7.1m. Meanwhile year end net debt was £2.3m better than expected at £10.8m. This represents strong year on year growth, albeit below our previous top of the range PBT forecast of £7.5m due to a slower than expected start from the recent acquisition, Colt. We have reduced our 2016 PBT forecast by 5% to £7.1m in line with consensus, while also reflecting the better than expected net debt position. Ou ....