Feb 15 (Reuters) - Broadspectrum Ltd (BRS) :
- FY 2016 half year results
- HY revenue $1.86 billion versus $1.90 billion
- HY npat for the period attributable to members $25.1 million versus $8.3
million
- Company now expects to deliver an underlying EBITDA in the range of $280
million to $300 million in FY 2016"
- Says expects underlying EBITDA to be in excess of $300 million in FY 2017
- Expects to end FY 2016 with net debt of between $370 million to $390 million
and leverage ratio of circa 1.3x1"
- Expects further significant free cash flow generation in FY 2017 of at least
$100 million"
- Says company expects the americas sector will continue to grow and contribute
between 5%-10% of FY 2017 underlying EBITDA
- Percentage of EBITDA contributed by the defence, social and property sector
is expected to reduce to between 50% and 60% in FY 2017"
- Company expects medium-term growth will be driven by new csg-lng projects and
associated assets coming on-line"
