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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Spotless Group Holdings Ltd    SPO   AU000000SPO4

SPOTLESS GROUP HOLDINGS LTD (SPO)
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Spotless : Slushie takes on the last straw at 1300SMILES stadium

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06/14/2018 | 11:43am CEST

Spotless' catering team has had the last straw with plastic, joining the war on waste at the 1300SMILES stadium in Townsville. The humble plastic straw is one of the worst offenders doing harm to the environment - taking hundreds, sometimes thousands of years to break down - and many venues are moving to ban their use.

'We are always keen to look at sustainable alternatives in all of our operations and were pleased to join the ban on straws,' said Jeffrey Ellis, Spotless Hospitality Venue Manager at 1300SMILES stadium. 'However, an alternative was needed when we took into account the stadium's many faithful frozen coke drinkers.'

The solution came in the shape of Austraw's ecostraw - a biodegradable eco-friendly spoon straw, capable of providing the same straw drinking experience but meeting requirements to be degradable, compostable or biodegradable. Spotless will be switching to ecostraws at 1300SMILES stadium 15 June, just in time for the Cowboys vs Warriors NRL fixture.

In addition to the 1300SMILES stadium, Spotless provides catering services to the Melbourne Cricket Ground in Melbourne, as well as nib Stadium in Perth.

Disclaimer

Spotless Group Holdings Limited published this content on 14 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 June 2018 09:42:04 UTC

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Financials (AUD)
Sales 2019 2 978 M
EBIT 2019 164 M
Net income 2019 90,0 M
Debt 2019 663 M
Yield 2019 -
P/E ratio 2019 13,88
P/E ratio 2020 11,10
EV / Sales 2019 0,63x
EV / Sales 2020 0,60x
Capitalization 1 223 M
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Mean consensus HOLD
Number of Analysts 1
Average target price 1,15  AUD
Spread / Average Target 3,6%
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Dana Nelson MD, Director, Chief Executive & Operating Officer
John Scott Humphrey Chairman
Paul Mahoney Chief Financial Officer
Julian Fogarty General Manager-Brand, Innovation & Technology
Simon McKeon Non-Executive Director
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