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BRIEF-Reliance Worldwide Sees FY20 NPAT In Range Of $150 Mln To $165 Mln

Published 27/08/2019, 08:48 am
© Reuters. BRIEF-Reliance Worldwide Sees FY20 NPAT In Range Of $150 Mln To $165 Mln
RWC
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Aug 27 (Reuters) - Reliance Worldwide Corporation Ltd RWC.AX :

* FOR FY2020, EXPECT TO ACHIEVE SALES GROWTH ABOVE THAT OF BROADER MARKETS IN WHICH CO OPERATES

* ESTIMATED IMPACT ON FY2020 EBITDA FROM APPLYING AASB 16 WILL BE AN INCREASE OF ABOUT $15 MILLION

* CURRENTLY EXPECTS NPAT FOR FY2020 TO BE IN RANGE OF $150 MILLION TO $165 MILLION

* SEES FY20 EBITDA IN RANGE OF $280 MILLION TO $305 MILLION

* IN AUSTRALIA, NEW HOUSING CONSTRUCTION TO CONTINUE AT LOWER LEVELS THAN IN RECENT YEARS

* FOR FY2020, CAPITAL EXPENDITURE IS EXPECTED TO BE IN RANGE OF $65 MILLION TO $75 MILLION

* EXPECTS H1 EARNINGS TO REPRESENT AROUND 45% AND H2 EARNINGS TO BE AROUND 55% OF FY NPAT

* IN UK, SHORT TERM DISRUPTION FROM BREXIT BUT WITH MARKET OTHERWISE FLAT TO SLIGHTLY POSITIVE

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