Capital expenditures for 2018 are expected to be in the range of
"We expect to deliver a strong year in 2018 with record sales, earnings, and free cash flow. We expect high-single digit sales growth in
The company is also revising its sales growth expectations through 2020 to a CAGR of 7 to 10 per cent from its previously issued expectation of 6 to 9 per cent. Double-digit EPS growth is expected over the period, which will reflect benefits from the company’s ongoing focus on operational excellence and from expected leverage on sales growth.
Capital expenditures will step down significantly from recent peak years and will be aligned to meet forecasted customer growth requirements and to ensure that the company is positioned to win new opportunities through 2020 and beyond. The company is reaffirming its target to generate
"As we transit from the recent cycle of substantial investments in next-generation aircraft programmes, we have a strong foundation from which to deliver high-single digit sales growth, margin expansion and robust cash flow through 2020. Our disciplined yet forward-looking growth strategy has established us as a premier company with industry-leading technologies and an unrivaled product portfolio. We are confident in our ability to maintain a sustainable, competitive advantage and achieve long-term growth," concluded Stanage. (RR)
Fibre2Fashion News Desk – India