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(27 April 2012) Coffey International Limited (ASX:COF) (Coffey) today updated its guidance for reported earnings before interest, tax, depreciation and amortisation (EBITDA) to a Breakeven result for the full year ending 30 June 2012 and revised the FY2012 underlying EBITDA guidance to $39 million – $41 million (previous EBITDA guidance $45 million).
(15 February 2012) Coffey International Limited ((ASX:COF) (“Coffey”)) today announced the appointments of Ms Leeanne Bond and Mr Guy Cowan as Non-executive Directors with effect from 27 February 2012, and the planned retirement at that date of Mr Charles Jamieson AM and Mr Stephen Williams.
(15 February 2012) Coffey International Limited (ASX:COF) (Coffey) today announced an earnings before interest, tax, depreciation and amortisation (EBITDA) of $23 million for the half year ending 31 December 2011 and reconfirmed the FY2012 EBITDA guidance of $45 million.
(5 December 2011) Coffey International Limited (ASX:COF) (“Coffey”) today announced the sale of its rail consultancy business, Coffey Rail, to Opus International Consultants (“Opus”) for a cash consideration of A$9.0 million.
Coffey Rail provides specialist rail advisory services to owners, operators and contractors in the public and private rail transport sector.
(27 October 2011) Coffey International Limited (ASX:COF) (“Coffey”) today announced that it has appointed Mr Mark Croudace as Group Executive of Coffey Environments effective 7th November this year. Mr Croudace is currently Coffey’s Group Executive Business Development.
(10 August 2011) Coffey International Limited (ASX:COF) (“Coffey”) today announced an Underlying EBITDA¹ in FY2011 of $32.3 million, ahead of guidance provided in June 2011 of $29 - 32 million. Coffey reported an EBITDA² loss of $39.7 million for the year ending 30 June 2011. The FY2011 reported result includes impairments and non-recurring restructuring costs of $72.0 million which were within the forecast range announced on 8 June 2011.
Coffey confirmed FY2012 EBITDA guidance of $45 million.
(4 July 2011) Coffey International Limited (ASX: COF) Managing Director John Douglas today confirmed two major contract wins in Iraq and Pakistan through its International Development business subsidiary, Management Systems International (MSI).
(8 June 2011) We refer to your letter dated 3 June 2011 regarding a change in the price of the Company’s securities from a close of $0.58 on 27 May 2011 to a low of $0.48 on 3 June 2011 and an increase in the volume of trading in the securities over this period.
8 June 2011
- Business portfolio restructured to focus on core competencies and markets
- New, flat, simplified management structure driving earnings accountability and organisational stability
- Expected FY11 underlying EBITDA of $29 million - $32 million
- Non-cash impairment charges of $60 million - $65 million to be recognised in FY11 result
- One-off restructure costs of $10 million - $12 million to be recognised in FY11 result
- Expected FY11 EBITDA loss of $38 million - $48 million including impairments and one-off restructuring costs
- Coffey now well placed for earnings turnaround - FY12 EBITDA expected to be at least $45 million
- Banking facilities and financial undertakings re-confirmed to 2014
(6 June 2011) The securities of Coffey International Limited (the “Company) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Wednesday, 8 June 2011 or when the announcement is released to the market.
John Douglas to succeed Roger Olds as MD and CEO
Succession effective 1st March 2011
(9 February 2011) Coffey International Limited ((ASX:COF) (“Coffey”, “the Company”)) today announced that it has appointed Mr John Douglas as Managing Director and CEO effective 1st March this year. Mr Douglas succeeds Mr Roger Olds, who will be stepping down on February 28th 2011 after leading Coffey for the last 15 years.
(20 December 2010) The Directors of global professional services company Coffey International Limited (ASX:COF) (“Coffey” or “the Company”) today announced that as part of its performance improvement plan, the Company is going to simplify the organisation structure and further reduce its operating costs to bring them into line with fee revenue. Approximately 100 positions will be made redundant.
