March 19, 2020 / 2:06 AM / 16 days ago

BRIEF-NEXTDC Reaffirms FY20 Rev, Underlying EBITDA View

March 19 (Reuters) - NEXTDC Ltd:

* TO DATE, THERE HAS BEEN NO NOTICEABLE CHANGE TO NEXTDC’S SALES PIPELINE AS A RESULT OF COVID-19

* REAFFIRMS ITS FY20 REVENUE AND UNDERLYING EBITDA GUIDANCE RECENTLY PROVIDED

* ALSO REAFFIRMS ITS FY20 CAPITAL EXPENDITURE GUIDANCE IN RANGE OF $320 MILLION TO $340 MILLION

* RISK OF ANY MATERIAL SUPPLY-SIDE IMPACTS TO CO’S OPERATIONS AND ONGOING DEVELOPMENTS ARE CURRENTLY CONSIDERED TO BE LOW

* UNDERLYING DEMAND FOR NEXTDC’S PREMIUM DATA CENTRE SERVICES IS EXPECTED TO REMAIN ROBUST

* BALANCE SHEET, DEBT POSITION ROBUST, WITH ABOUT A$450 MILLION OF CASH & COMMITTED UNDRAWN BANK FACILITIES AVAILABLE AS AT 29 FEB Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below