Stefanutti Stocks Holdings Limited provided earnings guidance for the year ended February 28, 2015. Total earnings per share (comprising both continuing and discontinued operations) are expected to be between 105.1 cents and 118.7 cents per share representing an increase of between 55% and 75% more than the 67.8 cents per share reported for the prior year. Headline earnings per share are expected to be between 98.7 cents and 111.5 cents per share representing a similar increase of between 55% and 75% more than the 63.7 cents per share reported for the prior year.

The withdrawal by Stefanutti Stocks from the power line market has led to the Power division meeting the requirements for classification as a discontinued operation in accordance with International Financial Reporting Standards. Consequently the results for the year ended 28 February 2014 are to be restated to reflect continuing operations. As a result of this restatement, earnings per share in respect of continuing operations are expected to be between 134.9 cents and 152.3 cents per share representing an increase of between 55% and 75% more than the restated 87.0 cents per share for the prior year.

Headline earnings per share are expected to be between 128.7 cents and 142.3 cents per share representing a similar increase of between 55% and 75% more than the restated 83.0 cents per share reported for the prior year.