Brief: James Fisher And Sons Says Full Year Expectations Remain Unchanged

James Fisher And Sons

21/09/2023 07:18

Sept 21 (Reuters) - James Fisher and Sons PLC  FSJ.L :
    * NET BANK BORROWINGS AND LEVERAGE ARE BOTH EXPECTED TO
REDUCE IN
SECOND HALF OF YEAR
    * STRATEGIC PROGRESS IS EXPECTED IN SECOND HALF OF YEAR
    * COMPLETION OF GROUP'S REFINANCING IN JUNE HAS PROVIDED A
MORE
STABLE PLATFORM
    * ALTHOUGH GEOPOLITICAL AND ECONOMIC CLIMATE REMAINS
UNCERTAIN,
BOARD IS CONFIDENT THAT IT IS TAKING RIGHT STEPS
    * TRADING IN JULY AND AUGUST WAS IN LINE WITH EXPECTATIONS
    * GROUP'S FULL YEAR EXPECTATIONS REMAIN UNCHANGED
    * DECOMMISSIONING BUSINESS HAD A DISAPPOINTING HALF
    * NEW TENDERING ACTIVITY LOOKS PROMISING FOR 2024 AND A NEW
MANAGEMENT TEAM IS IN PLACE
    * MEDIUM-TERM MARKET GROWTH DRIVERS FOR DECOMMISSIONING
BUSINESS
REMAIN ATTRACTIVE

Source text for Eikon:  ID:nRSU1391Na 
Further company coverage:  FSJ.L 

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