The
profit range excludes pretax amortization expense of $820 million; $220 million in store rationalization charges; a $220 million loss on the settlement of a defined benefit pension plan; a $135 million impairment charge; and $45 million in acquisition-related integration costs.
2 low-cost carrier behind Ryanair, has in the past given a forecast
profit range for the twelve months ended Sep 30 at this time of the year, but said on Thursday security worries, weaker consumer confidence and currency volatility were all dragging on its peak summer season.
That
profit range would represent growth of 6.4% to 9.3% over fiscal 2015's adjusted bottom line of $5.81 billion.
However, the group said its move not to discount ahead of Christmas meant its full-year
profit range was maintained at between PS810m and PS845m.
The group kept its full-year
profit range unchanged at between PS17 million and PS18 million, despite discounting which has impacted margins.
This has left sales for the year to date up 3.7%, running below previous guidance, although the group said its move not to discount ahead of Christmas meant its fullyear
profit range was maintained at between PS810m and PS845m.
Next is banking on temperatures plunging soon, but added: "If this unusually warm weather continues for the duration of October then we are likely to lower our full-year
profit range of PS775million to PS815m." Next's shares fell nearly 3.8% yesterday as a result.
"It's time when buy Next are banking on temperatures plunging soon but added: "If this unusually warm weather continues for the duration of October, then we are likely to lower our full-year
profit range of PS775million to PS815million."
This initial sale in the fourth quarter of 2013 comprised of a portfolio of existing leased rail cars from the company's lease fleet and the sale generated total proceeds of about USD105m, which will be recognised and be in line with the
profit range of USD0.11 to USD0.13 per share provided earlier.
Ryanair "now expects the full-year outturn will be at the lower end of its full-year net
profit range of 570-600 million euros ($750-790 million)", it said in a statement.
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