Waste disposal expert Shanks Group said results for the fiscal year just ended should be in line with management expectations.
"Since the Interim Management Statement on 7th February 2012, the group has delivered a robust performance in trading conditions which have remained challenging," the group's pre-close statement said.
Earlier this week Shanks achieved financial close on the £750m 25-year contract with Barnsley, Doncaster and Rotherham councils. Progress continues on achieving financial close on the Wakefield contract.
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As for cash and borrowings, the ratio of core net debt to earnings before interest, tax, depreciation and amortisation at the end of March was somewhere between 1.7 and 1.8, according to the firm's estimates.
JH
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