Contour Global (GLO)

Sector:

Electricity Generation and Distribution

Index:

FTSE 250

199.60p
   
  • Change Today:
      1.00p
  • 52 Week High: 222.50p
  • 52 Week Low: 136.60p
  • Currency: UK Pounds
  • Shares Issued: 664.62m
  • Volume: 3,438
  • Market Cap: £1,326.59m
  • RiskGrade: 139

ContourGlobal sees FY profit 'modestly' below expectations

By Frank Prenesti

Date: Thursday 05 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Wholesale power generator ContourGlobal said it expected full year core earnings to be below guidance after a delay in closing the deal on its Mexico acquisition.
The company had previously guided earnings before interest, tax, depreciation and amortisation (EBITDA) to be in the lower half of a $720m - $770m range.

Contour said adjusted EBITDA for the nine months to September 30, was up 19% to $531.6m reflecting the full nine month of ownership impact of its Spanish concentrated solar power (CSP) acquisition, a $52m cash gain on the reduction of a minority stake in the CSP assets and improved renewable generation.

"While underlying trading remains inline with expectations, consistent with the delay in closing from Q3 into Q4 of the acquisition of the combined heat and power business, the company now expects the 2019 full year adjusted EBITDA to be modestly below the bottom end of the previous range," Contour said on Thursday.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Contour Global Market Data

Currency UK Pounds
Share Price 199.60p
Change Today 1.00p
% Change 0.50 %
52 Week High 222.50p
52 Week Low 136.60p
Volume 3,438
Shares Issued 664.62m
Market Cap £1,326.59m
RiskGrade 139

Contour Global Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14.49% below the market average14.49% below the market average14.49% below the market average14.49% below the market average14.49% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average
Price Trend
37.45% above the market average37.45% above the market average37.45% above the market average37.45% above the market average37.45% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Income
76.91% above the market average76.91% above the market average76.91% above the market average76.91% above the market average76.91% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
82.40% above the market average82.40% above the market average82.40% above the market average82.40% above the market average82.40% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Contour Global Dividends

  Latest Previous
  Q2 Q1
Ex-Div 03-Sep-20 04-Jun-20
Paid 25-Sep-20 26-Jun-20
Amount 4.06¢ 4.06¢

Trades for 23-Sep-2020

Time Volume / Share Price
09:56 469 @ 199.60p
09:22 64 @ 200.00p
09:22 77 @ 200.00p
09:22 71 @ 200.50p
09:22 299 @ 200.50p

Contour Global Key Personnel

Chair Craig Huff
CFO Stefan Schellinger

Top of Page