FY22 finals are 5% ahead at the adj. EBITDA level and demonstrate the strength of the business model in the current climate. Given management’s experience of weathering economic downturns we are confident in its ability to do so again. To this end, commentary on current trading is reassuring with healthy volume growth, supported by return of tourists, helping to mitigate inflationary headwinds. Site expansion/pipeline commentary is upbeat. We make no meaningful forecast changes at this early sta ....
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Best in class with good momentum
- Published:
21 Jul 2022 -
Author:
Sahill Shan -
Pages:
3
FY22 finals are 5% ahead at the adj. EBITDA level and demonstrate the strength of the business model in the current climate. Given management’s experience of weathering economic downturns we are confident in its ability to do so again. To this end, commentary on current trading is reassuring with healthy volume growth, supported by return of tourists, helping to mitigate inflationary headwinds. Site expansion/pipeline commentary is upbeat. We make no meaningful forecast changes at this early sta ....