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BRIEF-Vocus Group sees FY18 revenue in range of $1.9 bln - $2 bln
August 22, 2017 / 10:48 PM / a month ago

BRIEF-Vocus Group sees FY18 revenue in range of $1.9 bln - $2 bln

Aug 23 (Reuters) - Vocus Group Ltd:

* FY statutory revenue and other income $1,820.6 million versus $829.9 million

* FY underlying EBITDA $366.4 million versus $215.6 million

* Vocus board has made decision not to declare a final dividend for FY17 year

* Vocus board also does not anticipate paying an FY18 interim dividend

* FY18 group revenue guidance of $1.9-2 billion

* FY18 group underlying ebitda guidance of $370-390 million

* FY18 group underlying npat guidance of $140-150 million

* FY18 group capex (ex asc) guidance of $190-210 million

* Sees net debt guidance as of 30 June 2018 of $1.03-1.06 billion

* FY18 results will be impacted by headwinds resulting from deferred subscriber acquisition costs (DSAC) benefit in FY17 of about $41.3m, $13.3m in 2HFY17

* FY18 net interest expense will be materially higher given positive offset of funds from capital raising in 1HFY17 and higher net debt levels Source text for Eikon: Further company coverage:

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