FY 2019 Profit Forecast, page-4

Updated with FY 2019 actual and FY 2020 forecast. The major difference to FY 2019 forecast was higher D&A and Interest arising from the AASB 16 adjustment for leases.

I note a comment on another thread that FY 2020 forecast was 10-15% on EBITDA in the conference call, for my forecast I have been conservative and run with the 10% that they published. I note that this was also on "underlying EBITDA" ie pre the AASB 16 adj. Assuming they hit the EBITDA number then the biggest swing factor should be an Ethicon settlement allowing debt repayment and lowering interest cost.

SHJ - FY 2020 Forecast (1).pdf