RE: Ft article on interserve8 Dec 2018 12:19
Something is wrong in this article 2 weeks ago we had an RNS from the company, the state of the company as it is the management were in grips of the situaion "4th quarter runs on 24th November "
Do we trust FT article after the comment by the CEO two weeks ago??? don't trust FT another shorter's play IMO
Debbie White, Chief Executive Officer, commented:
"Interserve has made significant progress in 2018. Following the successful completion of the refinancing in April, the business has traded robustly in some challenging markets and continued to win significant new contracts. The 'Fit for Growth' programme is delivering material cost savings and a simpler and more effective business structure. Overall we remain on track to deliver a significantly improved financial performance this year in line with our plan.
"The Board remains focused on positioning the Group for long-term, sustainable success. This means continuing the operational progress we are making to put legacy issues behind us, particularly in closing out and exiting the Energy from Waste business. It also means reducing debt and putting a strong long-term capital structure in place. To this end we will announce a deleveraging plan for the Group early in 2019.
"Interserve has significant opportunities as a best-in-class partner to the public and private sector, and we are working with all stakeholders to put in place the right standards, services, governance and financing to deliver a stronger future for Interserve's customers and our 74,000 people."