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G8 Education Provides Investor Update

08 Dec 2020  |  08:35:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Investor Presentation

G8 Education provided investor update. CY 2021 expected to be impacted by COVID-19 and the subsequent economic recovery. Good progress on portfolio optimisation with the divestment process for previously impaired centres on track and the Singapore sale completed. Improvement program continued during COVID-19 covering 100 centres and included all activities except large scale asset refurbishments. Net debt reduced to a broadly cash neutral position. CY 2020 capex is $31m.

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