AA looks to get back on track with positive full-year results
Breakdown cover firm AA is expecting to get back on the road with some positive results when it releases its annual report on Tuesday.
For the year-end, estimates from Liberum reckoned that AA's trading EBITDA will be around £392m, as sales will go up slightly to £964m from £933m in 2017.
Earnings in 2019 have been revised down to £335m, something which AA boss Simon Breakwell said was a "relatively modest" hit compared to 2018.
The company was delivered some good news on Friday as leading credit agency S&P reaffirmed AA's BBB- rating of the company's class A notes and a B+ rating on the B2 debt.
At the time, AA finance chief Martin Clarke described being "pleased" about the credit decision, saying: "The strategy set out in February will allow the AA to stabilise and grow Roadside and accelerate growth in Insurance, to create shareholder value and, in time, de-lever."