Ei Group Plc reports EBITDA of £276 million for FY ended 30 September 2019

  • Nov 19, 2019 GMT
  • Team Kalkine
  • Ei Group Plc (EIG) has released a preliminary announcement of its results for the financial year ended 30 September 2019.
  • The group’s underlying EBITDA though declined but remained in line with expectations at £276 million as compared to £287 million in 2018.
  • Underlying EBITDA reflected the completion of the disposal of 354 commercial property assets for net proceeds of £340.6 million, and after adjusting for this portfolio disposal, underlying EBITDA from the company’s retained business increased to £263 million from £261 million of 2018.
  • The company reported Statutory loss after tax of £209 million as compared to a profit of £72 million in 2018.

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