13 May 2014
The investment undertaken and the plans for further investment are expected to drive future earnings and value growth. This is also related to a strategy of asset rejuvenation and providing proof of value.
Next year is expected to be at least as active as the last and will include a review of Lumo Energy and Direct Connect to compare a continuation of the current organic growth plans against inorganic merger/acquisition options and against divestment.
The growing New Zealand economy will drive demand for transport and energy and it is expected there will be increasing private provision of infrastructure on both sides of the Tasman.
Guidance for FY2015 earnings before interest, tax, depreciation, amortisation and fair value movements is that it will be between 6% and 12% higher than last year’s $500 million.
The webcast and presentation materials are available here:for investors/company results
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