Cambian Group sees annual net cash above expectations
Source - SMW
Cambian Group reported net cash was approximately £82 million for the year ended 31 December 2017, which was ahead of the board's expectation.
The Group said it aims to increase revenues by a compound annual growth rate of more than 5% and increase its adjusted EBITDA margin to more than 16% over the medium-term, adding that capex is expected at around £85 million over the next three years.
Saleem Asaria, CEO of Cambian said:
'After a period of significant change at Cambian we are pleased to have the opportunity to outline the medium and long-term value creation opportunities that our business presents to our investors.'
'Cambian has the potential to add capacity and create growth in the coming years and in so doing build a platform across the UK that offers the highest standards of integrated care to our children.'
At 8:44am: (LON:CMBN) Cambian Group Plc share price was +0.2p at 194p