WKS
01/02/2016 14:38
GENERAL
PRICE SENSITIVE
REL: 1438 HRS Works Finance (NZ) Limited
GENERAL: WKSHA: Capital Metro Bid Costs
Downer EDI Limited
ABN 97 003 872 848
Triniti Business Campus
39 Delhi Road
North Ryde NSW 2113
1800 DOWNER
www.downergroup.com
Media/ASX and NZX Release
1 February 2016
CAPITAL METRO BID COSTS
Downer EDI Limited (Downer) announced today that the ACTivate consortium had
not been successful in its bid to build, operate and maintain Canberra's new
light rail system, known as the Capital Metro project.
Downer is a member of the ACTivate consortium and, in its full year results
announcement on
6 August 2015, said its bid costs would be expensed in the event the
consortium was not successful.
Downer's share of pre-tax bid costs totalled $13 million, in line with the
estimate provided at the time of its full year results of between $10 million
and $15 million.
Downer announced at its 2015 full year results that it was targeting net
profit after tax (NPAT) of around $190 million for the 2016 financial year.
As a consequence of expensing the bid costs relating to Capital Metro, the
NPAT target for the 2016 financial year is now around $180 million.
About Downer
Downer EDI Limited (Downer) is a leading provider of services to customers in
markets including: Transport Services; Rail; Mining; Utilities Services;
Technology and Communications Services; and Engineering, Construction &
Maintenance. We build strong relationships of trust with our customers, truly
understanding and predicting their needs and bringing them world leading
insights and solutions. Downer employs about 20,000 people across more than
200 sites and projects, mostly in Australia and New Zealand, but also in the
Asia-Pacific region, South America and Southern Africa. For more on Downer,
visit: www.downergroup.com.
For further information please contact:
Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61
439 470 145
End CA:00277072 For:WKS Type:GENERAL Time:2016-02-01 14:38:08
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