Management has increased guidance again following Q2 19 trading ahead of expectations. Performance has been good across the group, with particularly strong contributions from landfill and radioactives. We have increased estimated growth rates for FY19, but made no changes to our cautious assumptions for subsequent years. This has driven upgrades to adjusted PBT of 10% for FY19, 9% for FY20 and 8% for FY21, with corresponding increases in net cash. Given the group’s strong momentum, we have also ....
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PBT forecasts increased again – up another 10%
- Published:
21 Jun 2019 -
Author:
Jo Reedman -
Pages:
3
Management has increased guidance again following Q2 19 trading ahead of expectations. Performance has been good across the group, with particularly strong contributions from landfill and radioactives. We have increased estimated growth rates for FY19, but made no changes to our cautious assumptions for subsequent years. This has driven upgrades to adjusted PBT of 10% for FY19, 9% for FY20 and 8% for FY21, with corresponding increases in net cash. Given the group’s strong momentum, we have also ....