date:May 24, 2012
ngs, they warned the firm was unlikely to avoid either the net debt of 4.6 times EBITDA or the 21% EPS dilution.
Consequently, most of the firms cash flow over the next five years is likely to be spent on pension contributions and bank fees. That could make more disposals necessary.
Despite the high borrowing and tough trading conditions, Jones and McNeela remained confident that Premier's management team would succeed in improving the trading performance of the group. We feel comfortable that