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Downer EDI Provides Trading Update with Revised Guidance for FY 2020

23 Jan 2020  |  08:40:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Trading update with revised guidance for FY20

Downer EDI announced that its NPATA guidance for the 2020 financial year had been revised down to $300m. It has adjusted its forecast start dates for two Mining projects where it is the preferred services provider. This has had an impact on forecast earnings for the second half of $12m pre-tax. The Mining division has continued to perform strongly and following this adjustment is expected to achieve EBITA of between $90m and $100m for the 2020 financial year.

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