update - Progress on debt reduction

Monday, Nov 04 2013 by

Nov 04th 2013 - today published a report on update entitled "Progress On Debt Reduction". In summary, the report says:

Quarto's Q3 trading update indicates that it is on track to meet market expectations for the full year. Two disposals of non-core businesses in the quarter show that the group's intent to adopt a more proactive approach on debt reduction is being translated into action and progress. The core book publishing imprints are performing as well as expected and we expect to see the group's financial performance improve from FY14. The shares remain at an overly-large discount to other publishers.




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