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Ama Group Announces Expectation of Normalised EBITDA to be in Excess of $48m

05 Sep 2017  |  16:14:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: AMA expects FY2018 Normalised EBITDA to be in excess of $48

Ama Group provided some further detail on the operating results. The reported FY2017 EBITDA increased from $24.672m to $37.205m; a 50.80% increase. This result was, however, impacted by several abnormal items. Restating for these abnormal items results in normalised EBITDA increasing to $41.07m from the prior year comparative of $31.92m; an increase of 28.66%. Importantly, this normalised EBITDA result exceeded the Company's previous market guidance of being "in excess of $40.0m". One of the abnormal items was the effect of the establishment of new "Greenfield" sites. The Directors would also like to advise that it is anticipated that the Company will generate an EBITDA, on a normalised basis, for FY2018 Full Year in excess of $48m.

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