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FlexiGroup Releases Macquarie Australia Conference 2017 - Presentation

02 May 2017  |  14:02:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Macquarie Australia Conference 2017 - Presentation

FlexiGroup released Macquarie Australia Conference 2017 presentation reporting that the Company has invested $2m in Ireland in this period. In 2H17 the Company have seen strong growth in AU Cards, although Certegy is behind expectations. The Company is expecting FY17 Cash NPAT to be $90-97m. This was dependant on timing of investments in Oxipay and Ireland projects. The Company is updating Cash NPAT estimate between $90-93m. Underlying trading in Q4 expected to remain robust. The Company advised that recourse Debt/Equity at 82% after increased corporate facility drawn down to partly fund FPF acquisition. The Company has signed agreement with national market leader to expand penetration in medical sector to 3,000+ dentists.

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