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Nov 27 2019, 07:45 GMT
Irish Continental Group (ICG) continues to deliver and remains a high-quality infrastructure play. We see our FY 2019 and FY 2020 EBITDA forecasts of €87m and €99m respectively as well underpinned. We remain ‘Outperform’ with a €6 price target. Net debt at year end should be in the ~€116m range. Investments in scrubbers and an additional container vessel should leave them well set for 2020.
Nov 27 2019, 07:45 GMT