Ann: H1 FY2020 Trading Update, page-4

In addition to the risks associated with 'underlying' EBITDA, there is also a large D&A charge and finance costs that are likely to result in a H 1 loss. That said, better to be growing revenues than shrinking and working capital savings should ensure a net cash position (although let's hope it hasn't been created by reverse factoring which is just debt under another name)