RE: Whats keeping the price down?18 Dec 2020 15:30
Outlook
• Expect COVID-19 to continue to negatively impact volumes and transactional revenue
• Further cost action and holiday accrual reversal to benefit H2
• Expect to comply with H2 covenants; net debt returns towards 31 December 2019 levels ,(31 December 2019 £1,353.2m);
• Inflection to sustainable cash flow2 delayed by 1-2 years
• Continue to build a more focused, sustainable business for the long term