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  5. IN BRIEF: Connect's Full-Year Earnings To Be Above Previous Guidance

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IN BRIEF: Connect's Full-Year Earnings To Be Above Previous Guidance

Thu, 01st Oct 2020 18:33

Connect Group PLC - Swindon-based newspaper & magazine wholesale distributor - Says trading in Smiths News over the last quarter of the 2020 financial year has been stronger than expected. Trading earnings before interest, taxes, depreciation, and amortisation for the fourth quarter ended August 29 was GBP10 million, with "strong" cash generation. As a result, expects to deliver adjusted Ebitda of GBP38.5 million to GBP39.0 million for full-year, above the top-end of guidance announced in July.

"The run rate performance in adjusted Ebitda in the fourth quarter has continued in September trading, in line with the board's expectations for the year," says Connect.

Current stock price: 20.95 pence

Year-to-date change: down 42%

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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12 Oct 2018 12:22

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Domino's Pizza Confirms Interim Chief Financial Officer As Permanent

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1 Oct 2018 12:26

Connect Group Appoints Michael Holt As Non-Executive Director

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14 Sep 2018 11:38

Berenberg lowers target price on Connect Group

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14 Sep 2018 08:34

LONDON MARKET OPEN: Stocks Higher; Investec Climbs On Demerger Plans

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14 Sep 2018 07:41

LONDON MARKET PRE-OPEN: Wetherspoon's Warns On Headwinds, Profit Grows

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30 Jul 2018 14:24

Jos Opdeweegh appointed new CEO of Connect Group

(Sharecast News) - Specialist distributor Connect Group announced on Monday that Jozef 'Jos' Opdeweegh has been appointed its new chief executive officer, starting with the company and joining the board on 1 September.

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30 Jul 2018 09:44

Connect Group Appoints Jozef Opdeweegh As Chief Executive Officer

LONDON (Alliance News) - Distribution group Connect Group PLC said Monday it appointed Jozef Opdeweegh as new chief executive officer with effect from September 1.Opdeweegh will replace who

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4 Jul 2018 09:52

Connect Group Renews News UK Contract Worth GBP200 Million Per Year

LONDON (Alliance News) - Connect Group PLC said Wednesday it renewed a long-term contract with newspaper owner News Corp UK & Ireland Ltd, known as News UK, securing annual revenue of GBP200 a

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13 Jun 2018 10:59

Connect Boss And Finance Head Leave As Profit, Dividend Forecasts Cut

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13 Jun 2018 10:58

WINNERS & LOSERS SUMMARY: Just Eat Drops As Deliveroo Plans Expansion

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13 Jun 2018 09:36

BROKER RATINGS SUMMARY: Merrill Lynch Lifts TalkTalk Straight To Buy

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8 May 2018 13:47

Aberforth Partners Doubles Interest In Connect Group (ALLISS)

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1 May 2018 13:08

UPDATE: Connect Group Profit Down 42% In Half As Tufnells Struggles

LONDON (Alliance News) - UK specialist distributor Connect Group PLC said Tuesday profit fell 42% in the first half of its financial year, as its Tuffnells arm swung to an operating on Tuesday, to

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1 May 2018 11:25

Connect Group CFO Bauernfeind To Step Down Once Replacement Is Found

LONDON (Alliance News) - Distribution and logistics provider Connect Group PLC announced on Tuesday that its CFO David Bauernfeind has decided to step down in pursuit of new will stay in his role

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