Progressive publishes new research

Springfield Properties PLC
13 December 2023
 

 

Profitability and debt reduction on track

Springfield has confirmed in its first-half trading update that it is 'confident of meeting market expectations' for profitability and debt reduction for the full year to May. We retain our FY24E PBT estimate and introduce forecasts for FY25E that show 26% growth in adjusted PBT and a further substantial decline in debt. We expect the Group's recovery prospects will be supported by shortages of housing across all tenures and the major economic stimulus from the newly created Highlands freeport.

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Progressive is an equity research and investor engagement company.  FCA authorised and regulated, the firm has a 15-strong team of highly experienced analysts.  We provide Institutional grade research and connect companies with investors across every sector of the market.

 

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