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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Sports Direct International    SPD   GB00B1QH8P22

SPORTS DIRECT INTERNATIONAL

(SPD)
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Sports Direct International : Statement from Sports Direct & Grant Thornton

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08/14/2019 | 09:52am EDT

14 August 2019

SPORTS DIRECT INTERNATIONAL PLC

('Sports Direct' or the 'Company')

Joint Statement from Sports Direct International plc and Grant Thornton UK LLP

Further to the announcement made by Sports Direct International plc (SD) on the morning of 14 August 2019 regarding Grant Thornton UK LLP's (GT) intention not to seek reappointment as SD's auditors with effect from the date of SD's AGM on 11 September 2019, SD and GT make the following joint statement:

As referred to in the Chief Executive's Report and Business Review in SD's Annual Report and Accounts for the period ended 28 April 2019, SD has a longer term aim of looking to engage a Big 4 auditor in the future. In line with the audit profession as a whole reviewing their client portfolios for, amongst other reasons, audit profitability, during a period of increased regulatory scrutiny, GT's review of its client portfolio alongside SD's future intentions on engagement of a Big 4 auditor has led to a decision by GT to not seek reappointment as SD's auditor.

The board of SD are comfortable with SD's accounts for the period ended 28 April 2019 and believe a fully robust audit was carried out of SD's financial statements

Ends.

Disclaimer

Sports Direct International plc published this content on 14 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 August 2019 13:51:09 UTC

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Financials (GBP)
Sales 2020 3 847 M
EBIT 2020 178 M
Net income 2020 104 M
Debt 2020 345 M
Yield 2020 -
P/E ratio 2020 14,5x
P/E ratio 2021 14,9x
EV / Sales2020 0,46x
EV / Sales2021 0,45x
Capitalization 1 419 M
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Technical analysis trends SPORTS DIRECT INTERNATIONA
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Average target price 261,67  GBp
Last Close Price 279,60  GBp
Spread / Highest target 43,1%
Spread / Average Target -6,41%
Spread / Lowest Target -33,8%
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