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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Next    NXT   GB0032089863

NEXT (NXT)
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Next : CEO 'a lot more confident' about prospects than a year ago

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01/03/2018 | 12:45pm CEST

LONDON (Reuters) - British clothing retailer Next is much more optimistic about its prospects than it was in January last year when it issued a profit warning, its boss said on Wednesday.

"We're a lot more confident than we were at this point last year, which is why we are returning to the (share) buyback," Chief Executive Simon Wolfson told Reuters.

Earlier, Next upgraded its full-year profit forecast for the 2017-18 year after it beat guidance for sales in the run-up to Christmas.

It also said it planned to return a further 300 million pounds ($407.9 million) to shareholders in its 2018-19 year by way of share buybacks, subject to market conditions.

Next shares were up 8.5 percent at 0813 GMT.

(Reporting by James Davey; editing by Kate Holton)

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Financials (GBP)
Sales 2019 4 218 M
EBIT 2019 765 M
Net income 2019 593 M
Debt 2019 1 066 M
Yield 2019 3,13%
P/E ratio 2019 11,89
P/E ratio 2020 11,64
EV / Sales 2019 1,97x
EV / Sales 2020 1,92x
Capitalization 7 230 M
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 21
Average target price 54,9  GBP
Spread / Average Target 6,0%
EPS Revisions
Managers
NameTitle
Simon Adam Wolfson Chief Executive Officer & Executive Director
Michael James Roney Non-Executive Chairman
Richard Papp Executive Director & Operations Director
Amanda James Group Director-Finance & Executive Director
Francis William Salway Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
NEXT17.83%9 467
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OLLIE'S BARGAIN OUTLET HOLDINGS INC66.95%5 516
JARIR MARKETING COMPANY--.--%4 295