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Premier Foods still ‘in sticky situation’ after jam sale to Hain Celestial
date:Aug 24, 2012
t of the disposals, he added.

Precarious position

But doubts about the firm's giant debt burden continued tocauseconcern.Post the transaction, we forecast that net debt/EBITDA[earnings before interest, tax, depreciationand amortisation]will fall from 5.45x to 4.93x in FY[financial year]2012. But they will rise from 4.78x to 4.99x in FY 2013. As such, we believe the business remains in a precarious position.

Premier boss Michael Clarke said: This divestment is a major step forward in our strat

12/22 16:03