The company expects to generate substantial free cash flow1 in 2016 and reiterates its previous guidance that the group’s business plan and current performance support a Net Debt/EBITDA ratio of 2.5x or lower by the end of 2017.
The company is pleased to report that its cash retail solutions programme (Cash360 and Deposita) has continued to perform well and is underpinned by a substantial contract portfolio and order book that is expected to provide significant ongoing revenues to the group.
1 Total group net cash flow before dividends
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