Report
Tim Mann
EUR 147.86 For Business Accounts Only

An outsourced facility, laundry and linen services provider, focused on Australia and New Zealand

Spotless is due to report its fiscal 2016 results on Aug. 25. We expect NPAT of AUD 134 million (EPS of 0.14), down 6% on the previous corresponding period (down 3% like for like, excluding acquisitions) and second-half 2016 DPS of AUD 0.035 (no franking). Following a disappointing 2016 interim result affected by poor acquisition integration within the laundries division, we think the second half will see accelerated cost-outs and a pickup in contract win rates in the core facilities management ...
Underlying
Spotless Group Holdings

Spotless Group Holdings is engaged in the provision of outsourced facility services, laundry and linen services, technical and engineering services, maintenance and asset management services and refrigeration solutions to various industries in Australia and New Zealand. Co.'s operating segments comprised of: Facility Services, which provides multi-faceted facilities management, cleaning, and catering and food services to a range of industries across Australia and New Zealand; and Laundry Services, which provides linen and uniform laundry services to a range of customers across Australia and New Zealand.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Tim Mann

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