PMP Ltd. expected fiscal 2014 EBITDA (before significant items) to be in a range of $60 million to $64 million, compared with $72.2 million in the fiscal 2013. Adjusting for property sale and leaseback expenses (of $6.8 million against $1.7 million in the fiscal 2013), fiscal 2014 EBITDA (before significant items) is expected to be in the range of $66.8 million to $70.8 million, against $73.9 million in the fiscal 2013. Net debt is anticipated to be in a range of $70 million to $75 million.

The company announced that fiscal 2015 should see strong cash flows benefiting from the transformation programs, lower interest expense and minimal cash significant items.

capex expected to be less than $8 mpa over the next two years.