TIDMSPR

Springfield Properties PLC

13 December 2023

 
 
  Profitability and debt reduction on track 
  Springfield has confirmed in its first-half trading update that it is 'confident of meeting 
  market expectations' for profitability and debt reduction for the full year to May. We retain 
  our FY24E PBT estimate and introduce forecasts for FY25E that show 26% growth in adjusted 
  PBT and a further substantial decline in debt. We expect the Group's recovery prospects will 
  be supported by shortages of housing across all tenures and the major economic stimulus from 
  the newly created Highlands freeport.

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(END) Dow Jones Newswires

December 13, 2023 03:01 ET (08:01 GMT)

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