RCS - Springfield Props. - Progressive publish new research

Springfield PropertiesAnnouncement

17/09/2024 07:30

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RNS Number : 4816E  Springfield Properties PLC  17 September 2024

 SPR | Springfield Properties plc:

 Debt reduction strategy pays dividends

 Springfield Properties has returned to paying dividends earlier than we
 expected as a result of its focus on debt reduction over the past year and in
 its confidence, as signs grow of a recovering sales market in Scotland. FY24
 results, to 31 May, were slightly ahead of our estimates. The Group confirms
 it expects to meet expectations for FY25E, while we have introduced estimates
 for the following two years, which assume continued growth.

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