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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Ei Group plc    EIG   GB00B1L8B624

EI GROUP PLC

(EIG)
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Enterprise Inns plc : Enterprise Inns says trading better after tough first half

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05/14/2013 | 03:11am EST

LONDON (Reuters) - British pub group Enterprise Inns said trading had improved in recent weeks after a weather-hit six months kept drinkers indoors and dented profit.

The group, which has about 6,000 pubs across Britain and has been heavily focused on reducing debts of 2.7 billion pounds ($4 billion), said on Tuesday adjusted pretax profit for the six months to March 31 was 55 million pounds, down 14 percent on a year ago as expected.

Heavy snowfall across Britain in January, a cold Spring and a problem with its wine and spirits distributor saw like-for-like sales fall 4.2 percent in the period, a sharper decline than the 1.6 percent fall posted a year earlier.

Enterprise, which is investing in managers and pub improvements like free Wi-fi, is targeting underlying sales growth in the second half of the year and said like-for-like sales in the second half to date were down by around 1 percent, adjusting for the timing of Easter.

The group, whose shares are up 45 percent on a year ago to 99.85 pence, reiterated its target to reduce net debt to 2.5 billion pounds by the year end by using disposal proceeds.

(Reporting by Neil Maidment; editing by Rhys Jones)

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Financials (GBP)
Sales 2019 714 M
EBIT 2019 249 M
Net income 2019 95,0 M
Debt 2019 1 702 M
Yield 2019 -
P/E ratio 2019 17,3x
P/E ratio 2020 13,1x
EV / Sales2019 4,11x
EV / Sales2020 3,79x
Capitalization 1 233 M
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Technical analysis trends EI GROUP PLC
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 8
Average target price 239,75  GBp
Last Close Price 282,20  GBp
Spread / Highest target 0,99%
Spread / Average Target -15,0%
Spread / Lowest Target -64,6%
EPS Revisions
Managers
NameTitle
William Simon Townsend Chief Executive Officer & Executive Director
Robert Malcolm Walker Chairman
Neil Reynolds Smith Chief Financial Officer & Executive Director
Peter Jeffrey Baguley Independent Non-Executive Director
Adam Peter Fowle Senior Independent Non-Executive Director
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