Daisy Group has issued the following statement prior to entering the close period for its preliminary results. This announcement comes amid rumours of an acquisition by American company Liberty Global.
The Board confirms that revenues and adjusted EBITDA are expected to be in line with market expectations for the year ended 31 March 2014.
As indicated in our interim results announcement, there has been a material improvement in cash generation in the second half of the year aided by a significant improvement in working capital versus the first half.
Matthew Riley, Chief Executive Officer of Daisy Group plc said “I am pleased to report that our revenue mix continues to improve, further boosted by the acquisitions made during the year. It is also pleasing to report a marked improvement in free cash flow generation during the second half.
Our recent acquisitions are performing well and we will continue to monitor acquisition opportunities where we believe we can derive clear value for our shareholders.”
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