5 Jan 2016 07:26
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Don't have an account? Click here to register.AA says trading in line, on track to deliver 'strong' FCF generation
Wed, 05th Jun 2019 09:32
(Sharecast News) - Roadside assistance provider and insurer AA said on Wednesday that trading was in line with expectations.In a brief statement ahead of its annual meeting in London, the company said it remains well positioned to deliver trading earnings before interest, tax, depreciation and amortisation growth and "strong" free cash flow generation in FY20. The group also said it is on track to meet its medium-term growth targets to FY23.Back in April, the AA posted a 64% drop in annual profit to £53m and said it was cutting its total dividend for the year to 2p a share from 5p. The decline in profits was attributed in part to £26m spent on the company's roadside division to help improve fleet efficiency. AA said profit also took a £22m hit from new pension rules.At 0930 BST, the shares were up 2.8% at 55.71p.
More News
4 Jan 2016 07:40
AA signs three-year deal with Lex Autolease
(ShareCast News) - One in ten fleet cars in the UK were due to be serviced by the AA from January, following an announcement on Monday of a major new B2B contract. The FTSE 250 breakdown service provider told the market it had signed a three-year contract to provide roadside assistance to fleet firm
Read more14 Dec 2015 07:55
AA extends contract with Trakm8
(ShareCast News) - Roadside assistance group AA has extended its current relationship with telematics car data provider Trakm8. Trakm8 has been the supplier of telematic systems to the AA for their roadside assistance and recovery vehicles for over four years and has now worked with the AA to develo
Read more14 Dec 2015 07:38
23 Oct 2015 16:41
Friday broker round-up
(ShareCast News) - Aa: Berenberg Bank starts a new coverage with a buy, sets target price at 350.00p. Globaltrans Investment Gdr (reg S): Credit Suisse upgrades to neutral, reduces target price to 4.20p. Connect Group: Berenberg Bank starts a new coverage with a buy, sets target price at 200.00p.
Read more23 Oct 2015 09:25
23 Oct 2015 07:23
16 Oct 2015 15:07
24 Sep 2015 15:15
23 Sep 2015 11:16
Wednesday newspaper share tips: Taking a look under the AA's hood
(ShareCast News) - The mechanics are in at the AA doing what they can to fix it up for investors, but Wednesday's newspaper tippers said there's a bit of work to be done before it will pass a financial MOT. As the newly listed company clocks up the miles, Tempus in The Times said yesterday's interim
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