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SERVICE STREAM LIMITED — Earnings Release 2016
May 9, 2016
65865_rns_2016-05-09_bbdf2e09-c869-4006-b485-84f43c2cc218.pdf
Earnings Release
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ASX & MEDIA RELEASE
10 May 2016
Service Stream updates earnings outlook for FY16
Leading essential network services company Service Stream Limited (ASX: SSM) advises that it expects EBITDA for the financial year ending 30 June 2016 to be in excess of $35.0 million.
Service Stream’s Managing Director, Leigh Mackender, said “ On the back of our year-to-date financial results and current trading conditions, we now expect that Service Stream will report a full-year EBITDA of at least $35.0 million. This will be a significant improvement over the $25.4 million reported for the previous financial year.”
“We do note however, that this estimated EBITDA outcome remains subject to the execution of work over the remaining two months of the year, and that the company’s full financial results for FY16 remain subject to the usual year-end processes including review by the Company’s auditors. ”
The company anticipates releasing FY16 results on 12 August 2016.
For further details contact:
Service Stream Limited
Leigh Mackender, Managing Director Tel: +61 3 9937 6350
Service Stream Limited
Bob Grant, Chief Financial Officer Tel: +61 3 9937 6350
About Service Stream Limited:
Service Stream is a public company listed on the Australian Securities Exchange (Code: SSM). The Service Stream Group is a provider of essential network services to the telecommunications, energy and water industries. Service Stream operates out of more than 40 locations nationwide and maintains a workforce of around 1,500 employees and up to 3,000 active contractors. For more information please visit www.servicestream.com.au.
SERVICE STREAM LIMITED ABN 46 072 369 870
HEAD OFFICE Level 4, 357 Collins Street, Melbourne Vic 3000 | Mailing Address: PO Box 14570 Melbourne VIC 8001 T +61 3 9677 8888 | F +61 3 9677 8877 | E [email protected] | www.servicestream.com.au