Crest Nicholson Holdings plc Announces Consolidated Earnings Results for the Full Year Ended October 31, 2017; Provides Earnings Guidance for the Year 2018; Provides Sales Guidance for the Year 2019
For the year 2018, the company's average net debt expected to rise somewhere in the region of £170 million to £190 million for 2018. The underlying rate of corporation tax for the group is about 19% for 2018. Operating profit margins expects to moderate coming into 2018.
The company targeting to deliver £1.4 billion of sales in 2019 in a stable market.