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Company News Summary

Reliance Worldwide Provides Trading Update Including Revised EBITDA Guidance

13 May 2019  |  08:42:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Trading update including revised EBITDA guidance

Reliance Worldwide provided the following trading update for FY 2019, including the anticipated impact of changed trading conditions on EBITDA for FY 2019. As the second half of FY 2019 is progressing, each of its operating segments is being affected by market-specific factors which are negatively impacting performance and results. It expects FY 2019 EBITDA to be in the range of $260m to $270m. The previous FY 2019 EBITDA range advised by the Company was $280m to $290m, subject to, among other things, an assumption that a modest freeze event would be experienced in the USA.

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