The PAS Group Limited Provides Earnings Guidance for the First Half and Second Half of Fiscal Year 2015
As previously indicated, it is expected that the result for fiscal year 2015 will be significantly weighted towards the second half in the wholesale business as the sales shortfall from target is expected to be recovered through revenues from newly acquired brand licenses, albeit at reduced margins. Despite the anticipated stronger second half performance, particularly from Designworks and an improved performance in Metalicus, at this early stage it is anticipated that fiscal year 2015 EBITDA will be between 10% and 15% below the forecast set out in the company's listing prospectus. The company will continue to keep the market updated as to its current trading performance and expectations in accordance with its continuous disclosure obligations.