Crest Nicholson net debt outlook lifted by £30m; EBIT and completions cut
Year-end net debt guidance is now £70—90m, about £30m better than prior guidance, citing cash optimisation and asset disposals. Full-year completions and EBIT are revised down due to weaker sales, subdued market conditions and pricing pressure.
Story updates
06:03:50 AM UTC
SquawkNews
Crest Nicholson Year-end Net Debt Expected to Be Better Than Previously Indicated
Year-end net debt is now expected to be £70—90m, about £30m better than prior guidance, driven by cash optimisation and asset disposals.
Full-year completions and EBIT are revised down due to subdued market conditions and pricing pressure.Original document: Crest Nicholson Holdings Plc [CRST] Earni…