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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Centrica    CNA   GB00B033F229

CENTRICA (CNA)
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Centrica : UK Centrica CEO expects to maintain current dividend level

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06/14/2018 | 04:03pm CET

LONDON (Reuters) - British energy supplier Centrica said it expects to maintain its dividend at its current level, the company's chief executive Iain Conn said on Thursday.

The company stepped up plans for job cuts and cost savings in February after posting a 17 percent fall in 2017 operating profit, leading to questions over its ability to maintain its dividend.

"We expect to be able to pay the current level of dividend," Conn said at the FT Energy Transition Strategies Summit in London.

He said the dividend would be subject to the company achieving adjusted operating cash flow and net debt within its targeted range.

Analysts at Jefferies said in a research note this week it expects Centrica to continue to generate 2.1 billion pounds ($2.80 billion) of adjusted operating cash flow and deliver its 12 pence dividend per share.

(Reporting by Susanna Twidale; Editing by Alexander Smith)

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Financials (GBP)
Sales 2018 27 383 M
EBIT 2018 1 494 M
Net income 2018 610 M
Debt 2018 3 151 M
Yield 2018 8,26%
P/E ratio 2018 12,11
P/E ratio 2019 11,59
EV / Sales 2018 0,41x
EV / Sales 2019 0,40x
Capitalization 8 196 M
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Technical analysis trends CENTRICA
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 16
Average target price 1,61  GBP
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Iain C. Conn Chief Executive Officer & Director
Richard Neil Haythornthwaite Chairman
Christopher O’Shea Group Chief Financial Officer & Executive Director
Mike Young Group Chief Information Officer
Mark Hanafin Group Executive Director & CEO- Centrica Business
Sector and Competitors
1st jan.Capitalization (M$)
CENTRICA3.57%10 515
ELECTRICITÉ DE FRANCE43.57%51 574
NATIONAL GRID PLC-5.62%35 882
ENGIE-14.93%33 923
SEMPRA ENERGY7.44%31 435
ORSTED31.86%29 005