Nexteq’s H1 24 trading update shows revenue growth of -15% yoy to $48.2m, the outlook states that FY24E revenue and adjusted PBT are expected to be 15-20% and 30-40% below previous market expectations respectively, and separately the Chair, CEO, and CFO will step down from the Board in the coming year. As highlighted at FY23 results in March, H1 revenue has been impacted by softer customer demand across both divisions due to industry de-stocking, and there has then been an incremental impact fro ....
