Micro Focus International plc Trading update (9766T)
20 November 2019 - 6:00PM
UK Regulatory
TIDMMCRO
RNS Number : 9766T
Micro Focus International plc
20 November 2019
20 November 2019
Micro Focus International plc
Trading Update
The Board of Micro Focus International plc ("Micro Focus" or
"the Group", LSE: MCRO.L, NYSE: MFGP), the global enterprise
software group, today issues a brief trading update for the twelve
months ended 31 October 2019.
Micro Focus expects to report full year Revenue and Adjusted
EBITDA that are consistent with the revised revenue guidance given
at the time of the trading update on 29 August 2019 and in line
with Company Compiled Consensus*.
The Group expects to report Net Debt of $4.3bn at a leverage
multiple of approximately 3.2x Adjusted EBITDA for the period ended
31 October 2019, following the completion of the share buyback
programme and a one-off tax payment in respect of the SUSE
disposal.
The Group will announce preliminary results for the twelve month
period to 31 October 2019 on 4 February 2020. The Group's strategic
review is progressing in line with the original timetable and the
Board intends to provide an update as part of the preliminary
results announcement.
* Company Compiled Consensus can be found at
https://investors.microfocus.com/investors-media/analyst-consensus/
Enquiries:
Micro Focus Tel: +44 (0)1635 32646
Kevin Loosemore, Executive Chairman Investors@microfocus.com
Stephen Murdoch, CEO
Brian McArthur-Muscroft, CFO
Ben Donnelly, Investor relations
Brunswick Tel: +44 (0) 20 7404 5959
Sarah West MicroFocus@brunswickgroup.com
Jonathan Glass
Craig Breheny
Notes to Editors:
About Micro Focus
Micro Focus (LSE: MCRO.L, NYSE: MFGP) is a global enterprise
software company supporting the technology needs and challenges of
the Global 2000. Our solutions help organizations leverage existing
IT investments, enterprise applications and emerging technologies
to address complex, rapidly evolving business requirements while
protecting corporate information at all times. Our product
portfolios are Security, IT Operations Management, Application
Delivery Management, Information Management & Governance and
Application Modernization & Connectivity. For more information,
visit: www.microfocus.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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