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3i Group Expects FY LFL Sales Growth To Be Around 4%, With EBITDA Margin Likely To Be 14.7% Or 14.8%

By Reuters News

Nov 12 (Reuters) - 3i Group PLC III.L:

  • 3I GROUP: AFTER A POOR FIRST WEEK IN OCTOBER, LFL SALES GROWTH FOR ACTION PICKED UP STRONGLY, REACHING 3.7% IN YEAR TO END OF WEEK 45, WHICH ENDED ON 8 NOVEMBER

  • 3I GROUP: TODAY, WE ANNOUNCE A SECOND BUYBACK PROGRAMME OF UP TO £750 MILLION, TO BE COMPLETED BY END OF MAY 2027

  • 3I GROUP H1 NET ASSET VALUE PER SHARE GBP 31.54

  • 3I GROUP H1 DIVIDEND GBP 0.4225

  • 3I GROUP: AGAINST MUTED PERFORMANCE IN Q4 LAST YEAR, Q4 THIS YEAR SHOULD HAVE A HIGHER THAN NORMAL IMPACT ON ACTION'S RESULTS FOR THIS YEAR

  • 3I GROUP: GENERATED ANOTHER GOOD RETURN IN OUR FIRST HALF

  • 3I GROUP: ACTION DELIVERED LIKE-FOR-LIKE SALES GROWTH OF 3.7% IN YEAR TO END OF WEEK 45

  • 3I GROUP: WE EXPECT FULL-YEAR LFL SALES GROWTH TO BE AROUND 4%, WITH EBITDA MARGIN LIKELY TO BE 14.7% OR 14.8%


Further company coverage: III.L

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