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EVZ LIMITED — Capital/Financing Update 2014
Feb 3, 2014
64889_rns_2014-02-03_28c7e463-f83c-4646-be0e-c43398804b2b.pdf
Capital/Financing Update
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4 February 2014
Manager Companies Company Announcements Office Australian Securities Exchange Limited Level 4, Stock Exchange Centre 20 Bridge Street SYDNEY NSW 2000
EVZ Limited Trading Update on First-Half 2014
EVZ Limited (ASX: EVZ) expects to report a first half EBITDA loss of approximately $300,000 to $500,000. In the previous corresponding period (H1 FY13) EVZ reported EBITDA of $2.0m.
At this stage, EVZ will not provide a full year earnings guidance.
As foreshadowed at the Company’s 2013 Annual General Meeting, the economic climate in the market sectors in which EVZ Limited’s businesses operate has remained challenging. The Company remains active in tendering for numerous significant projects, although the speed at which these projects are commencing remains slow.
The structured debt reduction program previously referred to is ongoing, with the Board of Directors actively pursuing several strategies. EVZ Limited will keep shareholders informed of any material developments.
The Company’s half-year results, which are subject to audit review, will be released during the week commencing 24 February 2014.
For further information, please contact:
Scott Farthing Chief Executive Officer EVZ Limited Tel: +61-3 9545 5288 Mobile: +61- 411 117 403 Email: [email protected]
About EVZ Limited (ASX: EVZ)
EVZ is an industrial group with a portfolio of specialist businesses in the engineering services sector. EVZ operates in the areas of power, engineering and water through its businesses – TSF Engineering/Maintenance, Brockman and Syfon Systems. These businesses have strong positions in their respective markets with attractive growth opportunities. For further information, please visit: www.evz.com.au.