Downer EDI outlook 'positive' - 14:43, Friday, November 02, 2007 - (RWE Australian Business News)
Downer EDI (ASX:DOW) chairman Barry O'Callaghan told the annual meeting the 2008 outlook was positive and underpinned by record levels of spending on infrastructure by governments across all of the geographies in which the company operated. "In FY 2008 Australian Governments alone are expected to spend over $40 billion on infrastructure and in the four years to FY 2011, spending on infrastructure is expected to exceed $150 billion," he said. "With just under 23,000 employees and a demonstrated capacity to deliver on the new order of contract and strategic alliance business models that are destined to be the future in our core markets, Downer EDI is well positioned to capitalise on these trends through our corecompetencies in supply, service and maintenance."
DOW Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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