Hunting Plc full-year EBITDA to remain in the range of current market expectations

  • Dec 17, 2019 GMT
  • Team Kalkine
  Hunting Plc (LON: HTG) ahead of announcing its 2019 Full Year Results on Thursday 27 February 2020, has released a year-end Trading Update.
  • The board of the company is expecting the full year EBITDA result to remain in the range of current market expectations.
  • The capital spend by the company for the full year is anticipated to be around $40.0million, with inventory likely to be at a similar level as at 31 December 2018.
  • The company’s Q4 2019 results are getting impacted due to capital budget exhaustion within it's client base together with seasonal declines.
  • On 17th December 2019, at the time of writing, GMT 08:09 AM, HTG shares were trading at GBX 388.20, down by 21.00 points or 5.13% against the previous day closing price.

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