iEnergizer’s trading update confirms revenue to be ahead expectations for FY19E, and operating profit to be significantly ahead, due to multiple H2’19 contract wins in higher margin work, currency tailwinds, and moving outsourced work in-house. We substantially upgrade FY19E forecasts to revenue: $172.0m (4.1% incr.), EBITDA: $48.0m (11.6% incr.), EPS 18.7c (13.3% incr.). We also upgrade FY20E forecasts to acknowledge sticky revenues on a minimum contract length of 2 years, at a s
25 Mar 2019
Trading Update; Upgrades to Numbers
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Trading Update; Upgrades to Numbers
- Published:
25 Mar 2019 -
Author:
James Bayliss -
Pages:
2
iEnergizer’s trading update confirms revenue to be ahead expectations for FY19E, and operating profit to be significantly ahead, due to multiple H2’19 contract wins in higher margin work, currency tailwinds, and moving outsourced work in-house. We substantially upgrade FY19E forecasts to revenue: $172.0m (4.1% incr.), EBITDA: $48.0m (11.6% incr.), EPS 18.7c (13.3% incr.). We also upgrade FY20E forecasts to acknowledge sticky revenues on a minimum contract length of 2 years, at a s