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BRIEF-Sports Direct updates on impact of currency on FY guidance
October 7, 2016 / 2:07 PM / a year ago

BRIEF-Sports Direct updates on impact of currency on FY guidance

Oct 7 (Reuters) - Sports Direct International Plc :

* FY17 guidance update

* If GBP/USD rate is 1.20 on average for remainder of fy17, then negative impact on company’s fy17 underlying ebitda expectation would be in order of a further £20m

* Extreme currency movements overnight resulted in crystallisation of rate at 1.19, resulting in negative impact of about £15m on fy17 underlying ebitda expectation. Source text for Eikon: Further company coverage:

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