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CAPRAL LIMITED — Capital/Financing Update 2021
Apr 12, 2021
64599_rns_2021-04-12_0a9750e4-97a6-44e5-99ed-f5d0c6607e3a.pdf
Capital/Financing Update
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CAPRAL
ASX ANNOUNCEMENT
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13 April 2021
Upgrade to FY21 Full Year Guidance and Trading Update
Further to the Outlook for FY21 as outlined in the Managing Director’s Review in the 2020 Annual Report, Capral is pleased to advise an upgrade to its previous guidance for the FY21 year.
Market conditions were stronger than forecast throughout the first quarter of 2021. Demand was assisted by continued import supply chain disruption and a robust new housing market driven by low interest rates and government stimulus. We expect strong market conditions to continue throughout 2021.
Capral’s manufacturing plants are continuing to operate at full shift capacity which provides improved operating leverage and is delivering higher earnings.
Capral expects earnings for FY21 to be as follows:
| Original Guidance | Updated Guidance | |
|---|---|---|
| Trading EBITDA | $21 to $23 million | $25 to $27 million |
| EBITDA | $38 to $40 million | $42 to $44 million |
On that basis Capral will be in a position to continue the payment of a fully franked dividend.
Approved and authorised for release by Capral’s Board of Directors.
For further information please contact:
Corporate Investors
Lyn McGee, Capral Adrian Mulcahy, Market Eye P: + 61 2 8222 0112 P: +61 3 9591 8902 E: [email protected] E: [email protected]
Yours faithfully
Tony Dragicevich Managing Director
Capral Limited ABN 78 004 213 692 ASX: CAA
Level 4, 60 Phillip St Parramatta NSW 2150 PO Box 209, Parramatta CBD BC NSW 2124
T 02 8222 0112 F 02 8222 0130
FORWARD-LOOKING STATEMENTS
This announcement may contain forward looking statements which may be identified by words such as “believes”, “considers”, “could”, “estimates”, “expects”, “intends”, “may”, and other similar words that involve risks and uncertainties. Such statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of Capral or its Directors and management, and could cause Capral’s actual results and circumstances to differ materially from the results and circumstances expressed or anticipated in these statements. The Directors cannot and do not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements.
www.capral.com.au