Progressive publishes new research

In brief · summary, not quotable

FY25 profit significantly ahead of market expectations; debt to fall substantially then move to net cash position.

vs expectations: ahead

Full announcement

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SPR				Springfield Properties plc: Profits head north. Debt heading south. FY25 profit will be 'significantly ahead of market expectations', according to Springfield's interim results, while debt over our three-year forecast period will fall substantially, then move to a net cash position. This comes with a sweeping redirection of Scotland's only listed housebuilder's operations to the rapidly growing North of Scotland, starting with a major sale agreement announced today with Barratt Redrow for land in Central Scotland. Click here for full analysis
About Progressive:
Broad coverage				Analyst calibre
across 12 sectors
Business Services	Oil & Gas	15 analysts	with average	20 years
Financials			Property	experience of
Healthcare				Retail
Industrials		Technology	30+	techMARK
Investment Trusts		Telecoms	industry based	Extel
Mining		Utilities	awards	StarMine

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.