IFG hopes to cut debt by €5m
“Cash generation and tight cost management, with a view to lowering debt, continue to be priorities for management. Having reported net debt of €49.3m at the half year stage, we are comfortable with analyst expectations of year-end net debt in the range of low-to-mid €40m.
“As a cash generative business, we focus both on debt reduction and maintaining an appropriate dividend for our shareholders,” the group said in a trading update covering the four-month period to the end of October.
