Cable & Wireless disclosed that it's on track to meet its guidance for a 16% to 20% rise in earnings before interest taxes, depreciation and amortization in the year to March 31, 2009, a Dow Jones report said.
The company said that it's trading in line with expectations and should hit the targeted Ebitda of between â‚¬880 million (702 million pounds) and â‚¬913 million (725 million pounds) in the current year, the Dow Jones report added. The guidance is unchanged since C&W released full year results on May 22.
The Dow Jones report also quoted chairman Richard Lapthorne saying the strong start to the fiscal year is allowing the board to consider the next steps to deliver further value to shareholders.
The international unit is expected to generate Ebitda of between â‚¬563 million (447 million pounds) and â‚¬573 million (455 million pounds) with between â‚¬359 million (285 million pounds) and â‚¬371 million (295 million pounds) in Europe, Asia and the US.