Analysts’ consensus

Cautionary note - the information below is currently awaiting revision following the Group's trading update of 13 June 2018.

The analysts’ consensus information presented below is a collection of investment research analysts’ own projections provided to Connect Group PLC in May 2018.

  FY2017
Actual
FY2018 FY2019
Sales
(£m)
1,594

High    1,567
Mean   1,549
Low    1,532

High    1,526
Mean   1,503
Low    1,481

Adjusted PBT
(£m)
48.0

High    44.1
Mean   42.5
Low    40.4

High    44.2
Mean   43.1
Low    40.9

Adjusted EPS
(p)
15.4

High    14.8
Mean   13.8
Low    13.0

High    14.8
Mean   14.0
Low    13.2

Net Debt*
(£m)
82.1

High    98.1
Mean   85.8
Low    79.0

High    109.3
Mean   88.5
Low    79.0

* Where analysts use a different accounting basis for Net Debt, the forecasts have been adjusted to be consistent with the Group’s accounting basis under IFRS. Definitions of the measures can be found below.

 

Analyst Contact Details

 

Analyst

Contact name

E-mail

Berenberg **

Sam England

samuel.england@berenberg.com

J.P. Morgan Cazenove **

Samuel Bland

samuel.j.bland@jpmorgan.com

Finncap

Guy Hewett

ghewett@finncap.com

Numis

Steve Woolf

s.woolf@numis.com

Shore Capital

Martin Brown

martin.brown@shorecap.co.uk

Peel Hunt

Cristopher Bamberry

christopher.bamberry@peelhunt.com

** Berenberg and J P Morgan Cazenove are analysts for the house brokers of Connect Group PLC

Definitions:

Adjusted profit before tax is defined as adjusted operating profit less finance costs attributable to adjusted operating profit and before adjusted items described below.

Adjusted earnings per share is defined as adjusted PBT, less taxation attributable to adjusted PBT and including any adjustment for minority interest to result in adjusted PAT attributable to shareholders; divided by the basic weighted average number of shares in issue.

Adjusted items are items of income or expense that are considered significant, in nature or value, and are excluded in arriving at Adjusted operating profit. The specific items vary between financial years, and may include certain Mergers & Acquisitions related costs, legal provisions, amortisation of intangibles, integration costs, business restructuring costs and network re-organisation costs including those relating to strategy changes which are not normal operating costs of the underlying business.

Net debt is calculated as total debt less cash and cash equivalents. Total debt includes loans and borrowings, overdrafts and obligations under finance leases.

Disclaimer:

The data provided is for information purposes only and is provided for the convenience of our investors.  Opinions, estimates, forecasts, predictions or projections on performance are not prepared by Connect Group PLC and are the responsibility, and constitute the judgement, of each individual contributing analyst.  By providing these estimates, Connect Group PLC does not imply its endorsement of or concurrence with such information, conclusion or recommendations.  No representation or warranty, express or implied is made or responsibility accepted for the accuracy or completeness of the forecasts used in this analysis and neither Connect Group PLC, nor any of its officers or employees shall accept any liability whatsoever for reliance upon, or actions taken based on, any of the information in them. Investors are warned that reliance on the analysts’ consensus as part of their investment decision could result in a loss, particularly if the consensus is not met. Although Connect Group PLC intends to update the analysis regularly, it assumes no obligation to update or revise such information.  

Investor Contact

For all enquiries concerning Investor Relations, please use the contact details below:

Phone: 01793 563638
Email: investor.relations@connectgroupplc.com

Back to top