Asaleo Care Limited Reports Earnings Results for the First Six Months Ended June 30, 2017; Provides Earnings Guidance for the Year 2017
For the year 2017, the company expects underlying and statutory result is expected to be materially consistent. Expect return to year on year profit growth in fiscal year 2017, despite the second half of 2017 challenges of cost imposts and a competitive retail environment. Full year free cash flow of AUD 85 million to AUD 95 million, inclusive of capital optimisation initiatives and growth capex. The company is forecasting low single-digit growth in underlying EBITDA or NPAT and underlying EPS at low to mid-single-digits and maintenance CapEx to be around AUD 20 million for the full year.