BLX 3.60% $2.41 beacon lighting group limited

Consensus FY16F EBITDA ~$32.5m. Suggests FY16 NPAT will show...

  1. 369 Posts.
    Consensus FY16F EBITDA ~$32.5m. Suggests FY16 NPAT will show only ~2% growth. This represents a ~14-15% EPS downgrade from current expectations!

    Group Sales growth of just +4.6% in 2H vs pcp ... that is implying a real slowdown in Same Stores Sales Growth (SSSG) during the 2H ie only 1-2% SSSG.

    For what was considered a "high growth" retail operation, this could get a really ugly share price reaction.

    PS Given the sales slowdown will now be very interesting to watch the Cash Flow and Balance Sheet impacts when the FY result is released in July/August.
 
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